South Korea plans to regulate cross-border cryptocurrency transactions, the finance ministry announced.

From the second half of 2025, businesses involved must register with authorities and report monthly transaction data to the Bank of Korea.

This initiative responds to elevated foreign exchange crimes linked to digital assets.

Since 2020, 11 trillion won (US$7.97 billion) in such crimes has been recorded.

Notably, 81.3% of these crimes involve virtual assets, according to the customs agency.