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Regulation
New South Korean Regulator Chief Calls to Not Delay Discussions on Cryptos
2021-08-31T20:56:34.000+02:00
Koh Seung-beom was confirmed as the new FSC chairman last week in a hearing at the National Assembly.
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Retail FX
KB Securities Is Investing $43M to Acquire an Indonesian Brokerage
2021-08-27T09:54:47.000+02:00
The approval of the deal is now pending with the Indonesian financial regulator.
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South Korea to Establish a Crypto-Focused Bureau amid Regulatory Tussles
2021-08-26T18:40:49.000+02:00
The KFIU will also set up a 'Policy Management Planning Division' as part of the brand-new bureau launch.
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Regulation
South Korea’s FSC Nominee Believes Cryptos Could Not Work as Currencies
2021-08-25T23:45:10.000+02:00
The top nominee to lead the South Korean financial watchdog does not see it feasible to recognize cryptos as financial assets.
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News
Crypto Exchange Upbit Registers with South Korean FIU
2021-08-23T12:21:29.000+02:00
Only four local crypto exchanges have mandatory banking deals to maintain real-name client accounts.
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South Korean Teacher Threatens Student with a Knife after Losing Bitcoins
2021-08-18T00:31:08.000+02:00
A 48-year-old South Korean teacher from a private academy even threatened to sue the student for losing the investment.
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Exchanges
Overseas Crypto Exchanges Are Refraining from Doing Business in South Korea
2021-08-17T20:58:36.000+02:00
A US-based cryptocurrency exchange has announced that it will stop offering services to South Koreans.
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Binance Terminates Services in Malaysia, South Korea
2021-08-13T13:53:54.000+02:00
The Malaysian regulator earlier ordered the exchange to exit the country within two weeks.
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Exchanges
Crypto Exchange Korbit Re-opens Offline Customer Center in Seoul
2021-08-11T23:06:00.000+02:00
Korbit opened its customer service offices in April 2018 but had to close them in January 2019.
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South Korea Investigates 33 People for Illicit Crypto-Related Transfers
2021-07-07T20:58:02.000+02:00
The Seoul Customs Office noted that four of them are still under investigation and will be soon prosecuted or fined.
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Regulation
South Korea’s FSC Could Join Other Regulators Stance towards Binance
2021-07-05T20:14:21.000+02:00
The crypto exchange is required to register its business under the new rulings imposed by the South Korean watchdog.
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Korean Banks Hostile against Crypto Exchanges with ‘Too Many’ Listings
2021-06-28T11:58:20.000+02:00
Several crypto exchanges recently dropped low-volume tokens and issued warnings against dozens.
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News
South Korean Bureau Condecorates Taxman for Finding $32M Worth in Cryptos
2021-06-24T23:25:27.000+02:00
Hwang Byung-gwang was praised due to his investigative skills in finding millions of dollars of undisclosed cryptocurrencies.
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South Korea Seizes over $47 Million Worth in Cryptos from Tax Evaders
2021-06-24T00:34:05.000+02:00
Authorities said that a TV personality and a doctor were among the tax dodgers caught in the crackdown.
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South Korean Tech Giant Launches Its Own Crypto Business
2021-06-23T01:23:18.000+02:00
The subsidiary will be led by the former head of the Hancom MDS software development arm.
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Exchanges
South Korean Exchanges Delisting Tokens to Push Compliance
2021-06-16T12:16:29.000+02:00
Exchanges are adding dozens of minor tokens to warning lists.
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Regulation
South Korean Regulator Extends AML Rules Adoption until the End of the Year
2021-06-15T21:57:15.000+02:00
The financial watchdog originally set a deadline until early July to implement the new anti-money laundering rulings.
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Regulation
Korean FSC Orders Banks to Mandate ID Verification for Crypto Clients
2021-06-14T10:59:29.000+02:00
All crypto exchanges in the country need to apply for a license with the FSC before September 24.
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South Korean Energy Company to Audit Companies Suspected of Mining Cryptos
2021-06-12T00:05:07.000+02:00
A crackdown was conducted in 2018 on companies who were engaged in the illicit use of energy to mine virtual currencies.
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Regulation
South Korea to Proceed with Crypto Tax Plans despite Calls to Delay It
2021-05-28T20:02:54.000+02:00
The Financial Service Commission (FSC) has been confirmed as the top government body to regulate cryptos.
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News
South Korea Sees Leveraged Crypto Trading as a Threat to Banking
2021-05-27T14:29:41.000+02:00
The central bank governor pledged to monitor crypto-related transactions in the country.
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Three Major Tech Firms Are Interested in Joining South Korea’s CBDC Pilot
2021-05-26T23:23:48.000+02:00
Digital won's pilot will be split by the Bank of Korea into two stages starting August 2021.
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Regulation
South Korean Regulator Says Crypto Investors Are Covered by the Revised Law
2021-05-26T17:55:37.000+02:00
The country's top financial regulator warns that they cannot protect cryptocurrency users from volatility.
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Three South Korean Banks Say They Don’t Want to Work with Crypto Exchanges
2021-05-25T18:15:12.000+02:00
One of the banking officials surveyed believes other financial holdings might have a similar stance.
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News
South Korea Deploying System to Monitor Crypto Phishing
2021-05-10T15:13:01.000+02:00
The local authorities blocked 32 phishing websites in the last three months.
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