28 Reporting-Accepted Exchanges—7 Things to Check When Choosing an Exchange
The FIU's October 30 list of accepted virtual asset service providers includes 28 exchanges, but excludes Bybit.
The FSC says foreign exchanges operating in Korea and targeting Korean users must comply with reporting rules, though this doesn't itself resolve the legal status of individual users.
Bybit does not list South Korea among its restricted regions and said in December 2025 it would limit affiliate/referral marketing targeting Korean users.