South Korea

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...
South Korea to begin enforcing digital currency regulatory framework by 2024: report
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18 May, 2022

South Korea to begin enforcing digital currency regulatory framework by 2024: report

A document titled the 'National Task Implementation Plan' confirmed that South Korean President Yoon Suk-yeol is looking to introduce the...
South Korea’s KakaoBank considers partnerships with digital currency exchanges
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8 May, 2022

South Korea’s KakaoBank considers partnerships with digital currency exchanges

During the company's quarterly business performance conference, KakaoBank's CEO Yun Ho-young revealed that the bank is currently reviewing a partnership...
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...
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