Korea’s Top Crypto Exchange Warns of Offshore Tokenized Trading Risks

TL;DR: Dunamu , operator of South Korea’s top exchange Upbit , warns of a trading volume drain toward offshore platforms due to regulatory delays. The Financial Supervisory Service (FSS) proposes adapting electronic payment laws to won-denominated stablecoins amid the lack of specific legislation. The Financial Services Commission (FSC) plans to permit the trading of tokenized assets starting February 4, 2027 . Operational pressure is mounting for South Korea’s top crypto exchange due to regulatory roadblocks affecting the development of digital asset markets in the Asian country. During a cryptocurrency policy conference in Seoul, Kim Hyung-nyeon , co-founder of Dunamu —the parent company of Upbit —expressed concern over local regulatory lag. Furthermore, it was noted at the event that this regulatory stagnation is causing investors to seek alternatives on international platforms.

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