South Korea crypto faces monthly reports, possible education tax

TL;DR: South Korea’s digital asset industry is facing possible pressure on two fronts, as the central bank posits monthly balance reports on more than a million users who have moved crypto overseas, while the government is weighing whether exchanges should pay the “education tax” levied on banks and insurers—a change that hinges on the long-delayed Digital Asset Basic Act. South Korea’s central bank, the Bank of Korea (BOK), is proposing monthly reporting requirements for digital asset holders in the country, including personal information of users who transferred digital assets overseas and their domestic balances, causing backlash from industry advocates who…