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Financial Supervisory Service to Focus on Regulatory Compliance and Market Stability Ahead of Virtual...

The Financial Supervisory Service (FSS) is intensifying its preparation efforts to ensure the successful adoption of the 'Virtual Asset User Protection Law', set to...

National Pension Plan realizes 60 billion profit from indirect investment in the virtual asset...

The National Pension Service has garnered significant attention in the financial investment sector after it was recently revealed that they have made substantial profits...

Ministry of Personnel Management Implements Cryptocurrency Asset Registration System for Public Officials in Collaboration...

The government has officially launched the cryptocurrency asset registration system for public officials, actively seeking collaboration with cryptocurrency businesses for this purpose. The Ministry...

Bitcoin’s Rally and the Controversy Over ETF Introduction in South Korea Heat Up Political...

As Bitcoin's price continues to showcase a rapid increase, potentially breaking through the 100 million won mark, the approval of Bitcoin spot Exchange-Traded Funds...

Personal Information Commission Initiates Investigation into Iris-based Cryptocurrency ‘Worldcoin’

The Personal Information Protection Commission has commenced an investigation into 'Worldcoin,' a cryptocurrency that offers virtual currency in exchange for registering iris information. The...

Domestic Corporate Ban on Cryptocurrency Transactions Undermines Investor Protection

The gradual restriction and eventual complete prohibition of cryptocurrency investment and account setup by corporations in Korea have been criticized for undermining the regulatory...

Court Cancels Imposition of Miscellaneous Income Tax on Bithumb

The Seoul Administrative Court's 2nd Division (Chief Judge Shin Myung-hee) recently issued a partial victory for the plaintiff, Bithumb Korea, a virtual asset exchange...

Korea Digital Asset (KODA) Surpasses 8 Trillion KRW in Custody, Establishing Itself as a...

Korea Digital Asset (KODA) announced that it has surpassed a total custody value of 8 trillion KRW. KODA was jointly established in November 2020...

Korbit Becomes First in Industry to Pass Global Standard SOC 1 Type 2 Certification

Korbit, a cryptocurrency exchange, announced it has become the first in the industry to successfully pass the Type 2 phase of the SOC 1...

Financial Supervisory Service Initiates On-site Consulting Starting with Upbit in Preparation for the Digital...

The Financial Supervisory Service (FSS) has commenced on-site consulting with digital asset exchanges, beginning with Upbit, in preparation for the upcoming implementation of the...

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