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...
Go grandmaster Lee Se-dol’s win over AlphaGo released as NFT
On Tuesday, an NFT of Lee's victory against AlphaGo was put up for auction on the NFT marketplace, OpenSea.
Lee secured his first victory against...
KODA, Kookmin’s digital asset custody firm signs blockchain games firm Wemade as client
Kookmin Bank partnered with blockchain technology company Haechi Labs and blockchain investment firm Hashed to develop KODA, which launched less than a month ago....
Bubble? No, young Korean artists see crypto art as fresh opportunity
They have started to take off in South Korea, bustling with crypto enthusiasts and young artists eager to find new sales outlets for their...
S. Korea to clamp down on online cryptocurrency phishing activity
South Korea said Sunday it will strengthen its monitoring system against cryptocurrency-related phishing websites by working with the National Police Agency amid recent surges...
Crypto transaction volume surpasses $43.11 billion, 3x bigger than volume of the country’s two...
South Korean’s frenzy for digital coins, especially alternative coins, has pushed the transaction volume for cryptocurrencies past 45 trillion won ($43.11 billion) in the...
LATEST ARTICLES
Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
