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Financial Supervisory Service

South Korea financial watchdog eyes digital currency disclosure system for investor protection
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2 February, 2023

South Korea financial watchdog eyes digital currency disclosure system for investor protection

To heighten investor protection and increase market efficiency, South Korea plans a digital asset disclosure system that would operate on...
WEMIX loses delisting battle in court against South Korean exchanges but promises to continue the fight
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14 December, 2022

WEMIX loses delisting battle in court against South Korean exchanges but promises to continue the fight

Wemade insists it will not back down after a South Korean court sided with DAXA in delisting WEMIX from exchanges...
South Korean financial institutions may bear brunt of new US digital asset control measure
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22 September, 2022

South Korean financial institutions may bear brunt of new US digital asset control measure

South Korea doubles down on efforts to track the origins of illegal virtual currency transactions as the U.S. warns of...
South Korea: Digital assets can be subjected to securities law
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19 September, 2022

South Korea: Digital assets can be subjected to securities law

Financial Supervisory Service Governor Lee Bok-hyun argued that caution should be exercised in passing judgments on whether or not a...
South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions
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4 September, 2022

South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions

South Korea sees a nearly 10% rise in illegal forex transactions tied with digital assets this 2022, forcing authorities to...
South Korea: FSS probe into banks finds $3.1B digital assets linked to forex transactions
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30 July, 2022

South Korea: FSS probe into banks finds $3.1B digital assets linked to forex transactions

The Financial Supervisory Service has discovered KRW1.6 trillion ($1.2 billion) of forex transactions at five Woori Bank branches. Another KRW2.5...
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