South Korean Crypto Holders Declare $98.5 Million Abroad as New Regulations Loom
Approximately 1,500 South Korean residents have recently disclosed overseas cryptocurrency holdings totaling $98.5 million
It has been reported that the United States is a favored destination for South Korean cryptocurrency investors residing abroad
Starting next year, South Korea is set to implement stringent regulations on cryptocurrency assets
This will entail mandatory disclosures from crypto issuers and exchanges operating in South Korea, requiring them to provide details regarding their tokens, business strategies, and internal financial processes.