Financial Services Commission

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...
‘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...