South Korea To Implement Preemptive Monitoring Of Virtual Asset Transactions

According to Odaily, South Korea's Deputy Prime Minister announced at the G20 meeting in Washington that the country will advance preemptive monitoring of virtual asset transactions used in illegal activities such as cross-border tax evasion and currency exchange violations. The Deputy Prime Minister highlighted that South Korea plans to amend its foreign exchange regulations in the first half of next year, mandating the advance reporting of transaction purposes and details, with the aim of officially implementing these changes in the second half of the year.