Bank of Korea Manual Outlines Monthly Crypto Balance Reporting Rules

A Bank of Korea manual obtained by lawmaker Park Soo-young outlines a monthly crypto balance filing that would add asset-level disclosures for South Korea’s cross-border transfer providers. The FX1021 filing would cover a user after at least one qualifying digital-asset transfer across South Korea’s borders since July 19, 2024. A user with reportable assets would remain in scope during a month with no new transfer. The FX1021 form adds asset-level detail to the monthly reporting requirement . Providers would report each covered user’s digital-asset quantities and month-end values in Korean won, along with their monthly totals for cross-border inflows and outflows. The reported balance scope includes dormant accounts, delisted assets and assets committed to staking.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.