Financial Services Commission – DIGIT INFO

Upbit crypto exchange receives suspension notice in South Korea

DIGIT — Thu, 16 Jan 2025 10:52:27 +0000

Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months.

Go to Source

Corporate crypto investments in South Korea inch closer to approval

DIGIT — Wed, 08 Jan 2025 13:57:32 +0000

South Korean regulators reportedly continue to discuss the approval of corporate crypto trading amid the country’s ongoing leadership crisis.

Go to Source

Enforcement of South Korean virtual assets law prescribed in decree

DIGIT — Wed, 26 Jun 2024 18:44:54 +0000

The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.

Go to Source

New South Korean leadership will press for BTC ETF trading

DIGIT — Tue, 07 May 2024 18:01:50 +0000

The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another.

Go to Source

Bank of Korea given right to investigate local crypto firms: Report

DIGIT — Mon, 24 Apr 2023 04:28:03 +0000

The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country.

Go to Source

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

DIGIT — Sat, 22 Apr 2023 07:19:56 +0000

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

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

DIGIT — Thu, 26 Aug 2021 15:52:43 +0000

A 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

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

DIGIT — Thu, 22 Jul 2021 16:49:55 +0000

Overseas 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

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

DIGIT — Fri, 04 Jun 2021 23:00:52 +0000

Regional 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

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

DIGIT — Sun, 10 Feb 2019 14:10:12 +0000

In 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