South Korea is considering allowing fintech firms, not just cryptocurrency exchanges, to participate in virtual-asset overseas transfer services ahead of a system due to take effect in December. SBS reported on June 19 that the revised Foreign Exchange Transactions Act, approved and published on June 2 with a six-month grace period, creates a new registered virtual-asset transfer business category and requires reporting cross-border transactions through the Bank of Korea’s foreign exchange information system. The move would bring crypto-linked remittances into a formal reporting framework as authorities shape oversight of cross-border digital-asset flows.