Overview
- FSC chair Lee Eok‑won outlined plans to require exchanges to collect and share sender and receiver identity data on small transfers to close smurfing loopholes.
- Access to foreign platforms designated as high risk will be blocked for domestic users, including direct transfers to flagged offshore exchanges.
- Virtual asset service providers would face tougher financial reviews, with major shareholders or executives barred if they have drug‑ or tax‑crime records.
- The Financial Intelligence Unit would gain early account‑freezing powers in serious cases to stop funds moving during investigations.
- Tax authorities plan stronger enforcement, including home searches and seizure of cold wallets and hard drives in suspected crypto tax‑evasion cases.