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South Korea’s Top Crypto Exchanges Slammed with Surprise Supervisory Fees in Regulatory Shake-Up
South Korea's top cryptocurrency exchanges, including Upbit and Bithumb, are now burdened with hefty supervisory fees under the new Virtual Asset User Protection Act. Crypto Giants Hit with New Fees: The recently imposed Virtual Asset User Protection Act has a tremendous impact on South Korea's cryptocurrency business. tremendous operators like Upbit, Bithumb, and Coinone are now obligated to pay a supervisory charge. The top exchanges are expected to pay a tax of about 300 million won ($219,992) every year, as reported by the local media. Some platforms may find this new funding requirement difficult to meet. ... (full story)
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- Posted: Aug 2, 2024 12:53am
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 210
