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South Korea Considers Opening Crypto Transfer Licensing to Fintech Companies

From moneycheck.com

South Korea is exploring whether to grant fintech companies access to its emerging crypto transfer market through upcoming foreign exchange regulations. This approach could expand the competitive landscape beyond established cryptocurrency exchanges while implementing stricter government monitoring of cross-border digital asset movements. Fintech Companies Eye Crypto Transfer Licensing Opportunity Authorities in South Korea are preparing to introduce a virtual asset transfer business framework in December. This system will regulate overseas transactions involving digital assets. Regulators are now evaluating whether ... (full story)

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