Per Woofun AI, the South Korean government is advancing detailed regulatory amendments to the Foreign Exchange Trading Act, targeting the official integration of virtual asset cross-border transfers into the foreign exchange framework by December this year.

Regulatory authorities are concurrently exploring mechanisms to permit qualified fintech companies to participate in these transactions, moving beyond existing virtual asset trading platforms. This expansion suggests that blockchain-based cross-border remittance and exchange services will operate within a compliant structure, potentially broadening market access beyond initial expectations.