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Financial Services Commission

South Korea plans to make licensing digital currency industry stricter
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22 May, 2022

South Korea plans to make licensing digital currency industry stricter

The FSC report highlights new regulations that introduce stricter licensing requirements for digital currency exchanges and token issuers based on...
South Korea reinstates investigative unit ‘Grim Reapers of Yeoui-do’ to investigate Terra
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21 May, 2022

South Korea reinstates investigative unit ‘Grim Reapers of Yeoui-do’ to investigate Terra

The unit is a joint financial and securities crime investigation team from the Financial Services Commission and the Financial Supervisory...
Following LUNA UST crash, South Korea emphasizes need for digital currency regulations
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19 May, 2022

Following LUNA UST crash, South Korea emphasizes need for digital currency regulations

The country’s regulators have said they will use the Terra debacle to raise awareness among digital asset investors following the...
No taxes before proper regulation: South Korea president pushes back 20% digital currency tax
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7 May, 2022

No taxes before proper regulation: South Korea president pushes back 20% digital currency tax

Newly-elected president Yoon Suk-yeol announced that his government would push back the tax scheduled for 2023 in favor of consumer...
South Korea digital asset market hits $46B in 2021 as profits surge to $2.8B: FSC
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9 March, 2022

South Korea digital asset market hits $46B in 2021 as profits surge to $2.8B: FSC

The FSC’s first-ever comprehensive survey also showed that the daily transaction volume hit $9 billion as the number of traders...
South Korean regulator wants ICO ban reversed
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3 December, 2021

South Korean regulator wants ICO ban reversed

The vice chair of the Financial Services Commission has asked the National Assembly in South Korea to reverse the ICO...
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