🇰🇷 South Korea will tighten control over crypto transfers abroad — crypto exchanges, custodial services, and other companies that conduct international cryptocurrency operations through buying, selling, or exchanging crypto fall under the direct control of the Ministry of Finance and new requirements.

Recall that South Korea accounts for about 30% of the world's cryptocurrency trading volume, with 85% of transactions there being altcoins, not Bitcoin or Ethereum.

@DeCenterOrg