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Financial Services Commission

‘Know-the-sender’ rule sparks heated debate in South Korea parliament
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18 November, 2021

‘Know-the-sender’ rule sparks heated debate in South Korea parliament

The rule would require all businesses to verify and report the identity of any user that sends them digital currencies,...
South Korea will not regulate NFTs, financial watchdog says
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9 November, 2021

South Korea will not regulate NFTs, financial watchdog says

South Korea’s Financial Services Commission is taking a cue from the Financial Action Task Force, which recently said NFTs are...
South Korea bans exchange staff from trading their own tokens
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1 October, 2021

South Korea bans exchange staff from trading their own tokens

The Financial Services Commission in South Korea has issued a decree that bars staff members of any digital currency exchange...
South Korea creates new digital currency oversight bureau
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1 September, 2021

South Korea creates new digital currency oversight bureau

The new bureau will fall under the anti-money laundering agency and will monitor the industry for any suspicious transactions and...
South Korea to shut down 11 local digital currency exchanges: report
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7 August, 2021

South Korea to shut down 11 local digital currency exchanges: report

The Financial Services Commission reportedly plans on denying 11 local exchanges approval to serve the South Korean market as it...
South Korea warns foreign exchanges to register by Sept 24 or risk being shut down
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27 July, 2021

South Korea warns foreign exchanges to register by Sept 24 or risk being shut down

Under the Specific Financial Information Act, any exchange operator that continues to operate past the deadline without registering is liable...
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