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South Korea Proposes Stricter Regulations on Crypto Trading

South Korea's Financial Services Commission (FSC) is suggesting changes to the Credit Finance Act with the primary goal of restricting local traders from purchasing cryptocurrency on foreign exchanges. The regulators believe that these amendments are necessary for tackling issues such as illegal movement of domestic funds, money laundering, and speculative behavior, which have become significant concerns. The Financial Services Commission (FSC) is considering some changes in its rules, and they're talking about it in a legislative notice. The regulators are seeking public feedback on these proposed changes until February 13. 


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