South Korea will impose regulatory fees on crypto exchanges such as Upbit, Bithumb and Coinone starting next year
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2024-12-03 18:03 9,174
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Golden Finance reports that starting next year, South Korea’s virtual asset service providers, including Dunamu (Upbit), Bithumb and Coinone, will be required to pay regulatory fees. The decision follows the State Council’s approval of amendments to the executive order of the Financial Services Commission (FSC) Establishment Act on December 3. Supervisory fees are calculated based on operating income and are paid by financial institutions such as banks, investment companies, and insurance companies to cover the FSC’s inspection and supervisory services.