South Korea plans to strengthen regulation of "cross-border" cryptocurrency transactions
According to BlockBeats news, on October 25, according to Korean media eadily, the South Korean Deputy Prime Minister announced at the G20 meeting in Washington that we will advance the pre-emptive monitoring of virtual asset transactions abused in illegal activities such as cross-border tax evasion and "foreign exchange".
The Deputy Prime Minister of South Korea pointed out that South Korea plans to amend the foreign exchange law in the first half of next year to make it mandatory to report the purpose and details of transactions in advance, with the goal of formally implementing it in the second half of the year.