Tag: Financial Services Commission
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...
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...
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Won-Based Stablecoin Ensures Full Collateral and Redemption Rights… Exchanges Expected to...
South Korea’s financial authorities are moving to formalize the framework for won-based stablecoins, introducing key principles focused on full collateralization and guaranteed redemption rights....
