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South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report
24.10.2022
The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
20.8.2022
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...
KuCoin & 15 More Crypto Exchanges Face Ire of South Korean Regulator
18.8.2022
Sixteen international crypto exchanges – including KuCoin and the Mexican heavyweight MEXC – have landed in hot water with South Korean financial regulators for failing to comply with local guidelines and allegedly courting domestic clients without operating permits....
Read More: KuCoin & 15 More...
South Korean regulator proposes strict new rules for token issuers
26.11.2021
The FSC wishes to establish a system that would recover illegally gained funds, dole out criminal punishments, and protect investors from future malfeasance
S Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them
8.11.2021
South Korea’s top financial regulator says that non-fungible tokens (NFTs) are not cryptoassets – and will likely exclude them from capital gains taxation....
Read More: S Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them
South Korean Regulator Says DeFi and NFT Regulations Are Coming
12.10.2021
get="_blank" rel="noopener noreferrer" href="https://cryptonews.com/tags/defi">DeFi) and non-fungible token (NFT) sectors were next in line.In
South Korean Regulator Creates New Crypto Exchange Policing Unit
28.8.2021
The South Korean financial regulator is set to appoint a number of new crypto officials, and forms a new crypto department. But its probable new chief has reiterated assertions that there will be no stay of execution for scores of crypto exchanges that could be forced to close as a result of...
Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory Deadline
3.8.2021
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have...
South Korean regulator to reportedly shut down 11 crypto exchanges
2.8.2021
Sources claim that several mid-sized crypto exchanges in South Korea would not be able to get approval from the FSC
S Korean Regulator to Force Crypto Overseas Exchanges to Abide by its Rules
23.7.2021
The top South Korean financial regulator has effectively blocked overseas crypto exchanges from operating in the nation if it can be proved they are actively targeting users based on South Korean soil.
According to Chosun and Seoul Kyungjae, the regulatory Financial Services Commission (FSC), which...
South Korean Regulator Analyzing 578 Cryptocurrencies
14.7.2021
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said....
AML compliance mandatory for foreign crypto exchanges, says Korean regulator
13.7.2021
South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency
S Korean Regulator to Banks: Stop Grumbling About Crypto Market Risk
8.7.2021
A leading South Korean regulatory chief has repeated calls for banks to stop complaining about absorbing crypto exchange-related risks and accept that any partnerships they undertake with trading platforms must be done so at their own peril.
As previously reported, banks in South Korea have stated...
South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
5.6.2021
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security...
S Korean Regulator Holds ‘Significant’ Meeting with 20 Crypto Exchanges
4.6.2021
The South Korean government finally appears to be ready to move to address criticism regarding its “inertia” over the formation of new crypto regulation. And to do so, it appears to have begun communicating directly with exchanges it believes stand a chance of meeting regulatory guidelines in time...
South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
31.5.2021
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory...
South Korean Regulator Bans Privacy Coin Trading, Beefs up Crypto AML
2.11.2020
South Korea’s financial regulator is flexing its muscles with a series of new amendments to forthcoming crypto regulations – with new anti-money laundering (AML) provisos and a ban on privacy coin trading.
On Monday, Per Fn News and ZDNet Korea, as well as Paxnet, the regulatory Financial Services...
South Korean regulator is wary of NFT-based games
23.9.2020
The South Korean gaming regulator is reluctant to embrace NFTs