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Nalezeno "Korean regulator": 38

Upbit Under Fire: South Korean Regulator Orders Halt on New Users


The South Korean Financial Intelligence Unit (FIU) has ordered Upbit to temporarily halt services for new users after finding numerous violations of the Specific Financial Transaction Information Act. South Korean Crypto Industry Watches Upbit Case Closely South Korea’s Financial Intelligence...

South Korea Launches Continuous Monitoring for Crypto Transactions


South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the country’s Virtual Asset User Protection Act, which aims...

South Korean Regulator Excludes Certain NFTs From Crypto Regulations


South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July...

South Korean Regulator Rules NFTs Are Not Subject to Crypto Law


Source: TSViPhoto/Adobe South Korean financial regulators have said NFTs are not subject to the same rules as cryptoassets, a ruling that may buoy token issuers and blockchain gaming firms. Per News1, the Financial Services Commission (FSC), the nation’s top regulator, stated that “following...

South Korean Regulator Is Probing Crypto Staking Services


A top South Korean financial regulator has launched a probe into domestic crypto staking services. And crypto exchanges are concerned this means new staking-related regulations could be incoming. The media outlet News1 reported that the Financial Supervisory Service (FSS) has “recently requested”...

South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools


South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase...

South Korean Regulator Set to Launch Crypto Auditing Guidelines


South Korea’s financial regulator has revealed that it wants to introduce auditing guidelines for crypto-related firms – in response to the Terra-LUNC “incident” and the fall of FTX.... Read More: South Korean Regulator Set to Launch Crypto Auditing Guidelines

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