South Korean lawmakers seek expanded FIU powers over unregistered crypto firms

The proposal targets the gap between registration rules and enforcement capacity, which is where most crypto oversight friction sits: unregistered operators can be identified but not easily acted upon. It signals that Korean legislators see the FIU's current mandate as insufficient for the market's size, and that the next phase of regulation is about policing existing rules rather than writing new ones. Whether the expanded referral power moves from proposal to statute, and how broadly "unregistered" is defined, is the open question for platforms operating on the periphery.