South Korea2026.10.07TokenPost

Rules on Cross-Border Transfer of Virtual Assets Take Shape, and More

• South Korea's Ministry of Economy and Finance pre-announced an amendment to the Foreign Exchange Transactions Act Enforcement Decree specifying cross-border virtual asset transfer rules (via custody, management, brokerage); comment period runs through October 26.
• Wu Blockchain reported on the scope of the amendment's regulatory coverage.
• BlockBeats reported that four new addresses built 40x-leverage short positions ahead of a sharp Bitcoin price decline, without disclosing position size or owner identities; Germany's BaFin was also mentioned regarding Bitcoin Group.