The Financial Services Commission of South Korea launches an investigation into the fee structures on domestic cryptocurrency exchanges, aiming to fulfill commitments made during the presidential campaign. The investigation focuses on analyzing the current fee calculation methods and fee levels at major platforms like Bithumb, Upbit, and Coinone, in the context of the asset accumulation support policy for young people.
According to Herald Economy news, the survey reflects President Lee Jae-myung's promise to reduce cryptocurrency transaction fees from 0.05% to 0.015%. This is part of the strategy to expand the government's regulatory policy to minimize transaction fees and promote market development.
The goal of the Management Committee regarding the reduction of cryptocurrency transaction fees
The committee intends to conduct a comprehensive survey of major exchanges to analyze fee structures, current fee levels, and calculation methods. The aim is to accurately determine the fee burden on users and consider the possibility of administrative intervention based on compelling evidence.
This is to assess whether domestic fee levels are placing excessive pressure on consumers while comparing them with international standards. Policies aim to facilitate young people's investment in cryptocurrencies, enhancing retail investors' access to the market.
Main survey topic: major exchanges
The platforms under scrutiny include Bithumb, Upbit, and Coinone, the giants dominating the domestic market. The survey will examine the commission rate models of each exchange and the transparency of the fees they disclose.
The committee aims to build policy guidelines based on a comparative analysis between domestic and international exchanges, focusing on user experience and cost models. There is no specific target fee level yet; instead, it will rely on actual data to create policy recommendations based on clear evidence.
Analyzing trends in South Korea's cryptocurrency regulations
The investigation program is part of a series of regulatory updates on cryptocurrencies in 2025. These changes include stricter compliance requirements for cryptocurrency service providers, aiming to protect consumers while promoting market development.
The fee reduction aligns with the asset accumulation support policy for young people, aimed at removing barriers to market entry. Lower transaction fees can help expand the market for individual investors, alleviating the financial burden on low-value transactions.
South Korea lifts the ban on crypto trading for institutions and promotes comprehensive cooperation
In 2025, South Korea will end the ban on cryptocurrency trading for institutions, phased in. The new policy allows public companies and professional investors to participate in the market within a stricter legal framework to ensure transparency and safety.
The government applies strict anti-money laundering regulations and KYC identity verification, complying with FATF's Travel Rule. Blockchain service providers are required to send and receive detailed information about transactions over 1 million KRW, aiming to increase transparency and prevent criminal activities.
From June 1, 2025, non-profit organizations with over 5 years of auditing experience can sell donated digital assets. The country prioritizes transactions with a maximum of 10% of daily sales and restricts sales on the organizations' own platforms.
Additionally, only cryptocurrencies listed on at least three exchanges based on the won will qualify for sale, all complying with strict anti-money laundering regulations, aiming to enhance financial security and minimize legal risks in the South Korean cryptocurrency market.
Source: https://tintucbitcoin.com/han-quoc-dieu-tra-phi-san-tien-dien-tu/
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