Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make itself the country’s sole regulator […]

Go to Source

Powered by WPeMatico

Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset

Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial AssetA former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international institutions.
Candidate to Head Korea’s Financial Regulator Says Crypto Is Not Currency […]

Go to Source

Powered by WPeMatico

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New RulesOverseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. Korean Financial Intelligence Unit Notifies Foreign […]

Go to Source

Powered by WPeMatico

South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto ExchangesRegional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs A report […]

Go to Source

Powered by WPeMatico

In the Daily: Regulatory Developments in Italy, Mauritius, Malta

In the Daily: Regulatory Developments in Italy, Mauritius, MaltaIn this edition of The Daily we cover recent regulatory developments regarding the use of cryptocurrencies and their associated industries from all over the world. Lawmakers in Italy have approved a definitions mandate, Mauritius has created a crypto custody license, and Malta is set to provide cybersecurity guidance to crypto funds, exchanges and ICOs registered […]

The post In the Daily: Regulatory Developments in Italy, Mauritius, Malta appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

South Korean Regulator Presses Lawmakers to Pass Crypto Bill Urgently

South Korean Regulator Presses Lawmakers to Pass Crypto Bill UrgentlySouth Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at crypto exchanges. There are currently several crypto-related laws pending at the National Assembly. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Law Urgently Needed South Korea’s top financial regulator, […]

The post South Korean Regulator Presses Lawmakers to Pass Crypto Bill Urgently appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

South Korea Planning to Formally Allow ICOs

South Korea Planning to Formally Allow ICOsRegional news sources report South Korea’s financial authorities are working on legislation to formally allow initial coin offerings (ICOs) in an effort to appear more welcoming to the larger financial technology community. Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining South Korea Plans to Make ICOs Legit Online news source The Korean Times reported this […]

The post South Korea Planning to Formally Allow ICOs appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico