Regulation· ★★★· bearish·

South Korea Proposes Restricting Access to DeFi and OTC Platforms

  • —Korea Institute of Finance proposed restricting citizens' access to DeFi and OTC platforms
  • —Regulator advised to apply AML/CFT rules to unauthorized operators
  • —Criteria proposed for identifying unregistered offshore operators
  • —Registration of wallet providers for stablecoin transfers under consideration
Why it matters: Tighter rules in South Korea could limit local users' access to DeFi protocols and set a precedent for other jurisdictions.
Source: Bloomingbit
More on this
Exchanges · Sep 30
South Korea launches Nexchange, an OTC venue for fractional investment products
 Regulation · yesterday
South Korea Proposes Rules for Tokenized Stocks and Bonds Starting 2027
 Regulation · Oct 1
South Korea proposes 100 million won annual cap on tokenized securities trading