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Financial Supervisory Service

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...
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...
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