Virtual Asset User Protection Act
South Korea revamps digital wallets amid Bithumb controversy
South Korea advances digital wallets for stablecoin payments while enhancing regulations to combat illicit trading in its evolving digital asset...
2024: Year in regulation for digital assets
In 2024, key trends in the blockchain space include global authorities focusing on regulating stablecoins, block reward mining, and enforcing...
South Korea imposes new supervisory fees on top exchanges
Upbit is expected to cough out the largest amount at nearly $103,000 in the Financial Services Commission’s new and unexpected...
South Korea’s first digital asset law comes into force after year of finessing
The Virtual Asset User Protection Act focuses on investor protection and mandate that exchanges keep at least 80% of user...
South Korea wants digital asset criminals sentenced to life imprisonment
The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served...
South Korea regulators pledge regulatory framework supporting investor protection
Regulators in South Korea are working to establish a framework for the Virtual Asset User Protection Act, aiming to safeguard...
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