South Korea just leveled up surveillance on crypto flows.
Starting Dec 2, any cross-border transfer—exchanges, foreign custodians, even YOUR OWN wallets—needs to be reported through their forex system.
Yes, moving $BTC from your Binance to your Ledger could trigger a filing if it crosses borders.
This isn't a self-custody ban. But it's a clear signal: governments are treating crypto like trad finance now. Every move tracked, every flow logged.
The privacy vs compliance war is heating up. If you're moving serious size internationally, expect more friction.
Korea's setting a precedent. Other jurisdictions watching closely.
Starting Dec 2, any cross-border transfer—exchanges, foreign custodians, even YOUR OWN wallets—needs to be reported through their forex system.
Yes, moving $BTC from your Binance to your Ledger could trigger a filing if it crosses borders.
This isn't a self-custody ban. But it's a clear signal: governments are treating crypto like trad finance now. Every move tracked, every flow logged.
The privacy vs compliance war is heating up. If you're moving serious size internationally, expect more friction.
Korea's setting a precedent. Other jurisdictions watching closely.
