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How many major South Korean crypto exchanges will comply with new reporting regulations by mid-2025?
3
Resolution / Starting Odds
All comply • 25%
Most comply • 25%
Few comply • 25%
None comply • 25%
Compliance reports from major South Korean crypto exchanges
Story
South Korea to Require Monthly Reporting for Cross-Border Crypto Trades Amid $8B Forex Crimes
Oct 25, 2024, 03:51 AM
South Korea plans to regulate cross-border virtual asset trade starting in 2025. Both individuals and crypto firms moving cryptocurrencies across borders will be required to register and submit monthly reports to the Bank of Korea. This regulatory move comes as 81.3% of $8 billion in foreign exchange crimes are tied to virtual assets, prompting authorities to tighten controls to curb illicit activities and enhance transparency in the crypto industry.
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Yes • 50%
No • 50%
0 • 25%
1-5 • 25%
6-10 • 25%
More than 10 • 25%
Less than 50% • 25%
50% to 75% • 25%
75% to 90% • 25%
More than 90% • 25%
Yes • 50%
No • 50%
Coinbase • 33%
Binance • 33%
Kraken • 33%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Coinbase • 25%
Binance • 25%
Kraken • 25%
Gemini • 25%
Yes • 50%
No • 50%
Stricter regulations • 25%
No change • 25%
Looser regulations • 25%
New regulatory body established • 25%