04-02-2025 
Financial Services Commission
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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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7 February, 2024
South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam
Elsewhere, Hong Kong’s Treasury has proposed bringing OTC venues under the city’s regulations, arguing that they have been used to...
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9 January, 2024
South Korea to ban credit card purchases of digital assets
The move is aimed at curbing illegal outflow of investment and money laundering as Koreans purchase digital assets on offshore...
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24 December, 2023
Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS
Bank of Korea is collaborating with LG CNS to develop a CBDC system for tokenized deposits, utilizing LG CNS's expertise,...
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16 December, 2023
South Korea’s notice for digital assets excludes NFTs, CBDCs
South Korea's Financial Services Commission mandates digital exchanges to offer interest on deposits from July 2024, excluding NFTs and CBDCs,...
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