South Korean cryptocurrency exchanges such as Upbit, Bithumb, and Coinone will start paying regulatory fees from next year.

According to Wu Shuo, as reported by iNews24, starting from 2025, South Korean virtual asset service providers, including Dunamu (Upbit), Bithumb, and Coinone, will be required to pay regulatory fees. This decision was made after the State Council approved the amendment of the enforcement order for the "Financial Services Commission Establishment Act" on December 3. The regulatory fees are calculated based on operating income. Regulatory fees refer to the payments made by financial enterprises such as banks, financial investment companies, and insurance companies for the "supervision and inspection services" provided by the financial regulatory agency.