According to News1, after apps from overseas exchanges like Bybit, MEXC, and HTX were removed from South Korea's local Google Play store, the country is further tightening the process for transferring crypto assets to overseas platforms. Under the latest amendment to the Enforcement Decree of the 'Specific Financial Information Act,' South Korean exchanges will now assess the risk level of overseas platforms to decide whether to approve transfers. For transfers to certain overseas exchanges or personal wallets, users may be required to prove account ownership, explain the purpose of the transaction, and disclose the source of funds. If the information provided is insufficient, transfers may be delayed or rejected. Transactions exceeding 10 million KRW in a single instance will also be included in the exchange's self-monitored suspicious transaction system. These regulations will take effect six months after their announcement. https://(wublock123.com)/news/news-66433