11-14-2024 
Financial Services Commission
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28 April, 2023
South Korea digital currency bill sails through first legislative hurdle, launch date in view
The bill moved past the first legislative hurdle on April 25 after members of the National Assembly voted in its...
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26 April, 2023
Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude
To promote transparency and protect users in the digital asset space, South Korea is giving its central bank the power...
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5 March, 2023
South Korea cracks down on voice phishing linked with digital currencies
The proposed amendments to the Telecom Fraud Damage Refund Act will include heightened monitoring of the asset class and the...
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10 February, 2023
South Korea broadens rules to determine which digital tokens are securities
The new rules are designed to "prevent potential violations of the law" and protect investors' interests, according to the Financial...
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19 January, 2023
Paycoin in a race to secure banking partnership after South Korea license suspension
Paycoin, whose token is used in South Korea for payments, was ordered to secure a bank partner or have its...
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15 December, 2022
South Korean regulators mull over new listing procedure following WEMIX’s delisting
Both the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) are pushing for the listing of new tokens...
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28 November, 2022
New bill wants South Korean exchanges to compensate users for sudden halt in withdrawals
The Financial Services Commission supports a new bill that will require exchanges to compensate users if they halt withdrawals as...
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26 November, 2022
South Korea’s Financial Services Commission calls for clearer definition of digital assets and virtual assets
The Financial Services Commission is hinging its argument on the grounds that digital assets is an umbrella term covering virtual...
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23 November, 2022
South Korea probes exchanges listing native tokens after FTX collapse
South Korea’s Financial Services Commission is investigating exchanges that have listed their native tokens, with Flata exchange as the main...
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3 November, 2022
South Korea to impose tougher punishments for digital asset fraud
If the law scale through the legislative processes, it could bring the penalties for digital asset fraud to be at...
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28 October, 2022
South Korea ‘crypto’ whales in financial regulator’s sights amid money laundering woes
South Korea is going hard on its efforts to monitor the digital asset industry as money laundering cases become rampant,...
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12 October, 2022
South Korea’s financial watchdog declares support for digital assets amid crackdowns
It appears that the FSC is making a U-turn and has announced that it will promote the use of digital...
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