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$110 billion in crypto left South Korea in 2025 owing to strict trading rules
Source: CryptoNewsNet Original Title: $110 billion in crypto left South Korea in 2025 owing to strict trading rules Original Link: South Koreans moved more than 160 trillion won ($110 billion) from local crypto exchanges to foreign platforms last year due to regulatory restrictions in the country, one of Asia’s most active digital asset markets, according to a joint Coingecko and Tiger Research report.
The regulatory framework has been slow to evolve. In December, the long-awaited Digital Asset Basic Act (DABA), a sweeping framework meant to govern crypto trading and issuance, was delayed because of disagreements among regulators over stablecoin issuance. The Virtual Asset User Protection Act, which came into force in 2024, does not address market structure issues such as leverage or derivatives trading.
The regulatory gap raised concerns among market participants that Korea’s centralized crypto exchanges (CEXs) are increasingly unable to compete with offshore platforms offering more complex trading products.