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Financial Services Commission

South Korea digital currency bill sails through first legislative hurdle, launch date in view
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28 April, 2023

South Korea digital currency bill sails through first legislative hurdle, launch date in view

The bill moved past the first legislative hurdle on April 25 after members of the National Assembly voted in its...
Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude
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26 April, 2023

Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude

To promote transparency and protect users in the digital asset space, South Korea is giving its central bank the power...
South Korea cracks down on voice phishing linked with digital currencies
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5 March, 2023

South Korea cracks down on voice phishing linked with digital currencies

The proposed amendments to the Telecom Fraud Damage Refund Act will include heightened monitoring of the asset class and the...
South Korea broadens rules to determine which digital tokens are securities
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10 February, 2023

South Korea broadens rules to determine which digital tokens are securities

The new rules are designed to "prevent potential violations of the law" and protect investors' interests, according to the Financial...
Paycoin in a race to secure banking partnership after South Korea license suspension
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19 January, 2023

Paycoin in a race to secure banking partnership after South Korea license suspension

Paycoin, whose token is used in South Korea for payments, was ordered to secure a bank partner or have its...
South Korean regulators mull over new listing procedure following WEMIX’s delisting
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15 December, 2022

South Korean regulators mull over new listing procedure following WEMIX’s delisting

Both the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) are pushing for the listing of new tokens...
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