TechFlow news, on October 25, according to Jinshi Data, the South Korean Ministry of Economy and Finance stated that South Korea plans to begin regulating cross-border transactions of virtual assets such as cryptocurrencies from the second half of 2025, introducing registration and reporting requirements. The ministry said that under the new rules, businesses handling cross-border virtual asset transactions will be required to register with authorities in advance and report transaction details to the Bank of Korea on a monthly basis. According to data from South Korea's Customs Service, since 2020, foreign exchange-related crimes totaling 11 trillion won ($79.7 billion) have occurred in South Korea, with 81.3% involving virtual assets.
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