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Financial Services Commission

South Korea imposes new supervisory fees on top exchanges

Steve Kaaru

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...

South Korea’s first digital asset law comes into force after year of finessing

Finance

James Field

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...

South Korea wants digital asset criminals sentenced to life imprisonment

Business

Steve Kaaru

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...

South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam

Business

Steve Kaaru

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...

South Korea to ban credit card purchases of digital assets

Business

Steve Kaaru

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...

Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS

Business

Wahid Pessarlay

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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Patrick Thompson

20 Jun 2025

Financial Services Commission

South Korea imposes new supervisory fees on top exchanges

South Korea’s first digital asset law comes into force after year of finessing

South Korea wants digital asset criminals sentenced to life imprisonment

South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam

South Korea to ban credit card purchases of digital assets

Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS

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