Xangle Credibility Ratings to Be Used by Korean Commercial Banks to Evaluate Cryptocurrency Exchanges
Xangle, the crypto disclosure platform offers Xangle Credibility Rating (XCR) which will be used as official reference material for Korean commercial banks to evaluate...
South Korea to prohibit exchange insiders from trading on their own platforms
According to Chosun, Financial Services Regulatory Commission (FSC) is “pressuring” the government to accept its plan to impose fines of up to $ 90,000...
South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs
A report stemming from D.Street who quoted undisclosed sources stated the South Korean FSC met...
Bank Of Korea recognizes virtual assets with clear intrinsic value
The Bank of Korea, which is negative for virtual assets such as Bitcoin, has begun to take a positive approach to some virtual assets...
Criminals using cryptocurrency for Ponzi style fraud
The Gyeongnam Provincial Police said May 31 that it had detained two people from a ring that had swindled 63 investors out of 1.5...
Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea
It took the government months to determine who’s going to take charge of crypto market oversight, the Korean Herald noted in an article published...
FSS to oversee virtual assets; cryptocurrencies in negative territory
The Financial Supervisory Service has been designated to man the main control tower overseeing the country’s burgeoning virtual asset market, putting an end to...
FSC to supervise cryptocurrency exchanges; ICT ministry to support blockchain sector
Aiming to better protect consumers from the uncontrolled cryptocurrency market, the government announced, Friday, a set of measures to strengthen monitoring and supervision of...
New cryptocurrency regulations will protect investors: FSC chief
The head of the Financial Services Commission, Eun Sung-soo, says that South Korea's new requirement that cryptocurrency exchanges register with the government will protect...
Central bank seeks bids for digital currency test project
The Bank of Korea is seeking a company to participate in a 10-month test of a central bank-issued digital currency, it said Monday.
Based...
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Crypto Exchanges in South Korea to Be Classified as Highly Risky
South Korea continues to enforce stricter rules on the cryptocurrency space with the latest legislation to classify exchanges as high-risk entities. The move comes...
