Save 23% ($351) & Get a Free 1-1 Call with our Team ⏰ : 0d 2h 59m 43s
South Korea moves to ban cross trading for crypto exchanges
South Korea's Financial Services Commission has moved to ban cross-trading on crypto exchanges in the country. Several exchanges in South Korea have stated to be against the ban, explaining that it will further disrupt the cryptocurrency trading environment in South Korea.
South Korean exchanges are protesting against the ban
Cross trading, an illegal practice in many jurisdictions, involves offsetting buy and sell orders for the same asset (at the same price) without recording the transaction on the order book.In South Korea, cryptocurrency exchanges are protesting against the Financial Services Commission their decision. They are not agreeing on the decision to ban "ban on cross-trading by business operators." This is because due to the ban on cross-trading, the fee received in cryptocurrency cannot be converted into KRW. In addition, exchanges point out that it will be difficult to pay taxes on commissions if they cannot secure KRW. This would also mean that the proposed ban could eliminate revenue that would have been generated through trading fees.
South Korean crypto exchanges will be forced to create a new company to convert trading fees into fiat currency. However, such a move would come at a significant cost, as the country's Anti-Money Laundering policies would make such a company expensive to operate.
The FSC sees it as a conflict of interest issue
The FSC, on the other hand, is still in a tough stance. An official of the Financial Services Commission said, "Regardless of the reason, cross-trading on exchanges is a conflict of interest issue." He added, "Whether you want to change the cryptocurrency to another asset (other than won) or keep the cryptocurrency, you need to find a solution yourself. "He said.Last week the FSC announced they had a meeting with several exchanges in Korea, and it is very likely that it was one of the plans that have come out of this meeting.
Continue reading by joining Cryptonary Pro
$1,548 $1,197/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
TermsRecommended from Cryptonary
