- The government said cross-border virtual-asset transfers will be reported to the Bank of Korea’s foreign-exchange computer network and shared with the National Tax Service, the Korea Customs Service, the Financial Supervisory Service and the Financial Intelligence Unit.
- The newly introduced virtual asset transfer services category covers transfers between domestic and overseas virtual-asset service providers as well as personal wallets, and the government said it clarifies operator registration requirements including computer systems and specialized staffing.
- The government said violations involving voice phishing, illegal trade payments and virtual-asset-based unlicensed remittances will be subject to a one-strike-out rule that can revoke registration, and that the revised enforcement decree will take effect on Dec. 3.
South Korea to Require Cross-Border Crypto Transfers to Be Reported to BOK FX Network
South Korea plans to require cross-border cryptocurrency transfers to be reported through the Bank of Korea's foreign-exchange network. The measure would bring international crypto movements into a formal reporting framework.
bloomingbit
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Oct 7, 2026 at 12:34 AM UTC · 2 dk okuma
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Forecast Trend Report by Period
Cross-border virtual-asset transfers involving South Korea will soon have to be reported to the Bank of Korea’s foreign-exchange computer network and shared with the National Tax Service, the Korea Customs Service, the Financial Supervisory Service and the Financial Intelligence Unit.
The Ministry of Economy and Finance said on Oct. 7 it will publish a proposed revision to the enforcement decree of the Foreign Exchange Transactions Act to strengthen the management and oversight framework for cross-border virtual-asset transactions.
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