Financial Services Commission

South Korea unveils bill to allow stablecoin issuance
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13 June, 2025

South Korea unveils bill to allow stablecoin issuance

Under the proposed legislation, the authority will fall to the country's top finance sector watchdog, the FSC, instead of the...
South Korea mulls ban on non-compliant exchanges
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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...
South Korea gives nod to ‘crypto’; Upbit faces hefty fines
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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...
South Korean exchanges fear sanctions due to Upbit clampdown
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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...
Upbit’s license renewal in limbo; Hong Kong tightens VASP rules
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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...
Hong Kong to issue more VASP permits as South Korea tightens rules
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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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