Financial Services Commission

South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions
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4 September, 2022

South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions

South Korea sees a nearly 10% rise in illegal forex transactions tied with digital assets this 2022, forcing authorities to...
South Korea: FSC takes action against 16 unregistered foreign digital asset exchanges
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23 August, 2022

South Korea: FSC takes action against 16 unregistered foreign digital asset exchanges

The FSC said that the unregistered exchanges were brought to its notice by its sub-unit responsible for overseeing the registration...
South Korea: Financial authorities to review digital asset legislation
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17 August, 2022

South Korea: Financial authorities to review digital asset legislation

Financial Services Commission Chair Kim Joo-hyun said the commission will maintain a balance that fosters innovation in blockchain development while...
South Korea looking to tighten supervision of digital currency exchanges
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31 May, 2022

South Korea looking to tighten supervision of digital currency exchanges

The country's parliament plans to introduce laws that will increase the supervision of digital currency exchanges, as discussed during a...
South Korea plans to make licensing digital currency industry stricter
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22 May, 2022

South Korea plans to make licensing digital currency industry stricter

The FSC report highlights new regulations that introduce stricter licensing requirements for digital currency exchanges and token issuers based on...
South Korea reinstates investigative unit ‘Grim Reapers of Yeoui-do’ to investigate Terra
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21 May, 2022

South Korea reinstates investigative unit ‘Grim Reapers of Yeoui-do’ to investigate Terra

The unit is a joint financial and securities crime investigation team from the Financial Services Commission and the Financial Supervisory...
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