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3232South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools
https://www.digit.info/south-korea-to-regularly-inspect-crypto-risks-with-new-monitoring-tools/
Thu, 19 Jan 2023 04:30:38 +0000https://www.digit.info/2023/01/19/south-korea-to-regularly-inspect-crypto-risks-with-new-monitoring-tools/Read more]]>South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase sharply in the future. Korean Regulator Developing Crypto Monitoring Tools South […]
]]>Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
https://www.digit.info/korean-regulator-takes-action-against-16-foreign-crypto-exchanges/
Sat, 20 Aug 2022 02:30:12 +0000https://www.digit.info/2022/08/20/korean-regulator-takes-action-against-16-foreign-crypto-exchanges/Read more]]>The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said. 16 Foreign Crypto Exchanges Flagged by South Korean […]
]]>29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down
https://www.digit.info/29-crypto-exchanges-survive-new-regulation-in-south-korea-37-exchanges-must-shut-down/
Tue, 28 Sep 2021 00:30:48 +0000https://www.digit.info/2021/09/28/29-crypto-exchanges-survive-new-regulation-in-south-korea-37-exchanges-must-shut-down/Read more]]>The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto Regulation in Effect The Act on Reporting and […]
]]>60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week
https://www.digit.info/60-cryptocurrency-exchanges-in-south-korea-to-shut-down-all-or-some-services-this-week/
Tue, 21 Sep 2021 03:30:05 +0000https://www.digit.info/2021/09/21/60-cryptocurrency-exchanges-in-south-korea-to-shut-down-all-or-some-services-this-week/Read more]]>The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce services. 60 Crypto Exchanges Expected to Shut […]
]]>Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines
https://www.digit.info/korean-province-seizes-cryptocurrencies-from-1661-investors-for-unpaid-fines/
Mon, 20 Sep 2021 23:46:28 +0000https://www.digit.info/2021/09/20/korean-province-seizes-cryptocurrencies-from-1661-investors-for-unpaid-fines/Read more]]>A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four exchanges. Korean Province Confiscates Cryptocurrencies for Unpaid Fines The […]
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase sharply in the future. Korean Regulator Developing Crypto Monitoring Tools South […]
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said. 16 Foreign Crypto Exchanges Flagged by South Korean […]
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto Regulation in Effect The Act on Reporting and […]
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce services. 60 Crypto Exchanges Expected to Shut […]
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four exchanges. Korean Province Confiscates Cryptocurrencies for Unpaid Fines The […]