05-24-2025 
Financial Services Commission
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1 April, 2025
South Korea mulls ban on non-compliant exchanges
South Korea’s financial watchdog says a number of offshore exchanges have been flouting regulations and is exploring Internet blocks and...
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25 February, 2025
South Korea gives nod to ‘crypto’; Upbit faces hefty fines
Institutional investors can start cashing digital assets out in H1 and access all the other services in H2 as FSC...
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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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