Wu said that according to NAVER, the Financial Supervisory Service (FSS) of South Korea has required cryptocurrency exchanges to pay a total of 7.9 billion Korean won (approximately 5.54 million US dollars) in annual regulatory fees. The fee is set at 0.6%, higher than the initial estimate of 0.4%. These fees need to be paid quarterly before the end of March, May, July, and October each year. Except for Korbit (whose revenue is less than 3 billion Korean won, approximately 2.08 million US dollars), the cost allocation is as follows: Upbit operator Dunamu will pay 6.7 billion Korean won (approximately 4.64 million US dollars); Bithumb paid 900 million Korean won (approximately 624000 US dollars); Coinone paid 150 million Korean won (approximately 104000 US dollars); Gopax paid approximately 21.35 million Korean won (approximately 14800 US dollars). The total cost of the four major exchanges is approximately 7.9 billion Korean won (approximately 5.54 million US dollars). https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39607