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Category: FSS
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Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
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Korean regulators investigate banks over $6.5B tied to Kimchi premium
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges.
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Korean exchanges agree on emergency system in case of Terra-style collapse
Korean exchanges will soon be required to list tokens based on the same guidelines to ensure compliance with local regulations, and make emergency decisions together to prevent another Terra fiasco.
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Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
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South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
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South Korea Cracks Down on Unauthorized Cryptocurrency Funds
South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into […]
The post South Korea Cracks Down on Unauthorized Cryptocurrency Funds appeared first on Bitcoin News.
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Korean Government Expected to Announce ICO Stance in November, Official Says
The South Korean government is expected to announce its position on initial coin offerings in November, according to a high-ranking official. The decision will follow the outcome of the survey which the country’s Financial Supervisory Service recently sent out to domestic blockchain companies. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision […]
The post Korean Government Expected to Announce ICO Stance in November, Official Says appeared first on Bitcoin News.
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South Korea Urges 14 Countries to Create International Discipline System for Crypto
At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. The Korean government also outlined its current crypto countermeasures and pushed for better information sharing and international cooperation. Also read: Yahoo! Japan Confirms […]
The post South Korea Urges 14 Countries to Create International Discipline System for Crypto appeared first on Bitcoin News.
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‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help
South Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. Local media reported that the sale raised an estimated $53.5 million from about 124,000 investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]
The post ‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help appeared first on Bitcoin News.
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