Tag: Crypto
South Korean Regulator Analyzing 578 Cryptocurrencies
South Korea Prepares to Regulate Crypto Industry
The South Korean National Assembly’s National Policy Committee is currently deliberating on four cryptocurrency-related bills for the regulation...
3 Firms Vie to Develop South Korea’s CBDC Pilot
Three South Korean firms will compete for the chance to develop the central bank’s digital currency (CBDC) pilot.
The Bank of Korea (BOK) confirmed on...
Korea Federation of Banks Releases Cryptocurrency Exchange Guidelines
The Federation of Banks has released guidelines for risk assessment of cryptocurrency exchanges. Earlier, in April, the Federation of Banks distributed to commercial banks...
Regulators Reject Banks’ Requests to Be Relieved of Responsibility for Crypto Crime
Continuous efforts to upgrade cybersecurity in the banking sector have led to a 35.9% annual drop in cyberattacks to 6.2 million cases as of...
South Korean crypto exchanges tighten personal trading rules for employees
Bithumb announced that starting this month, it had banned its employees from trading cryptocurrencies using Bithumb accounts. The exchange has made employees sign a...
Korea may join with Japan, UK to regulate Binance
The authorities are set to ban overseas-based cryptocurrency exchanges' operations in the country unless they register their businesses with the government by Sept. 24.
According...
Why the FSC decided to introduce the issuance of Security Tokens into the Capital...
The reason is to correct the turbid cryptocurrency market and protect investors. This means that they will receive the securities declaration form and investment...
JYP works with blockchain company to launch K-pop-based NFT platform business
JYP Entertainment, a major K-pop powerhouse in South Korea, joined hands with a domestic blockchain company to launch a non-fungible token platform business...
Non-fungible tokens (NFTs) and copyright law
Ownership and copyright in the underlying asset
As one might expect, NFTs are not currently addressed in many countries legislation or case law, and this...
South Korea cracks down on cryptocurrencies
Korean authorities seized more than WON53 billion ($47 million) in Bitcoin, Ethereum and other cryptocurrencies from 12,000 people accused of tax evasion, including a...
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Financial Supervisory Service Releases Handbook on Cryptocurrency Investment Scams
The Financial Supervisory Service (FSS) has taken proactive measures to prevent cryptocurrency investment scams. According to a recent press release, the FSS has revamped...
