South Korea wants criminal penalties for unregistered crypto exchanges
Cryptocurrency executives in South Korea that fail to register their exchanges with the country’s regulator could soon be facing time behind bars.
Latest Financial Services Commission News
2 crypto Ponzi schemes flagged in Mauritius
The financial regulator of Mauritius has issued a fresh warning to investors, highlighting concerns over two alleged crypto Ponzi schemes in the country.
Regulators want direct oversight of crypto exchanges in South Korea
The new proposals announced Wednesday clarifies the Financial Services Commission’s regulatory position for cryptocurrency exchanges in South Korea.
South Korea regulator adds 9 blockchain firms in new sandbox cohort
A total of 105 companies had applied to take part in the program since its launch in January 2018, according to South Korea’s Financial Services Commission.
South Korea position on ICOs out by November
The South Korean government will have an official position on initial coin offerings (ICOs) by November.
South Korea beefs up rules on crypto exchanges, bank accounts
The Financial Services Commission has detailed new requirements for account monitoring by South Korean banks.
3 exchanges in South Korea face embezzlement probes
Employees at three cryptocurrency exchanges in South Korea have been taken into police custody for alleged embezzlement of their clients’ funds.
South Korea’s ICO ban may soon be relaxed
The ban could be lifted in some as-yet undefined circumstances, allowing some token issues to go ahead where they meet new criteria, according to reports.
South Korea puts an end to anonymous crypto trading
Investors in South Korea will be required to use real-name accounts for trading in cryptocurrencies by Jan. 30.
Over 220,000 petitioners want Seoul to stay away from cryptocurrency markets
The confusion and friction over a reported proposal to shut down cryptocurrency exchanges in SoKor continue this week, and investors are having none of it.