South Korean financial regulators impose a 0.6% regulatory fee on cryptocurrency exchanges.

According to Foresight News, as reported by the Electronic Times, the Financial Supervisory Service (FSS) of South Korea has requested cryptocurrency exchanges to pay an annual regulatory fee totaling 7.90 billion KRW (approximately 5.54 million USD). This fee is set at 0.6%, higher than the initially expected 0.4%. These fees must be paid quarterly by the end of March, May, July, and October each year. Excluding Korbit (which has an operating revenue of less than 3 billion KRW, approximately 2.08 million USD), the fee distribution is as follows: Upbit operator Dunamu will pay 6.70 billion KRW (approximately 464 million USD); Bithumb will pay 900 million KRW (approximately 624 thousand USD); Coinone will pay 150 million KRW (approximately 104 thousand USD); Gopax will pay about 21.35 million KRW (approximately 14.80 thousand USD). The total fees for the four major exchanges amount to approximately 7.90 billion KRW (approximately 5.54 million USD).