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Financial Services Commission

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...
New bill wants South Korean exchanges to compensate users for sudden halt in withdrawals
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28 November, 2022

New bill wants South Korean exchanges to compensate users for sudden halt in withdrawals

The Financial Services Commission supports a new bill that will require exchanges to compensate users if they halt withdrawals as...
South Korea’s Financial Services Commission calls for clearer definition of digital assets and virtual assets
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26 November, 2022

South Korea’s Financial Services Commission calls for clearer definition of digital assets and virtual assets

The Financial Services Commission is hinging its argument on the grounds that digital assets is an umbrella term covering virtual...
South Korea probes exchanges listing native tokens after FTX collapse
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23 November, 2022

South Korea probes exchanges listing native tokens after FTX collapse

South Korea’s Financial Services Commission is investigating exchanges that have listed their native tokens, with Flata exchange as the main...
South Korea to impose tougher punishments for digital asset fraud
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3 November, 2022

South Korea to impose tougher punishments for digital asset fraud

If the law scale through the legislative processes, it could bring the penalties for digital asset fraud to be at...
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