02-01-2025 
Financial Services Commission
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24 January, 2025
South Korean exchanges fear sanctions due to Upbit clampdown
Smaller exchanges fear they will face stricter sanctions as Upbit, the largest operator, faces withdrawal limitations and tough fines to...
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22 November, 2024
Upbit’s license renewal in limbo; Hong Kong tightens VASP rules
South Korea is uncertain whether Upbit will have its license renewed due to possible KYC breaches; elsewhere, Hong Kong advises...
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16 October, 2024
Hong Kong to issue more VASP permits as South Korea tightens rules
With a new license issued to HKVAX, Hong Kong’s licensed VASPs now rose to three, and the Securities and Futures...
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10 August, 2024
South Korea imposes new supervisory fees on top exchanges
Upbit is expected to cough out the largest amount at nearly $103,000 in the Financial Services Commission’s new and unexpected...
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22 July, 2024
South Korea’s first digital asset law comes into force after year of finessing
The Virtual Asset User Protection Act focuses on investor protection and mandate that exchanges keep at least 80% of user...
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8 February, 2024
South Korea wants digital asset criminals sentenced to life imprisonment
The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served...
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