Tag: FSC
South Korea to discuss approval of spot Bitcoin ETFs
South Korea’s Financial Services Commission (FSC) announced the creation of a Virtual Asset Committee to address the approval of spot crypto exchange-traded funds (ETFs)...
South Korean Regulator Rules NFTs Are Not Subject to Crypto Law
Download Here : The Virtual Asset User Protection Act
South Korean financial regulators have said NFTs are not subject to the same rules as cryptoassets,...
SOUTH KOREA’S AUTHORITIES RAID BITHUMB EXCHANGE
The country’s tax inspectors visited the exchange’s headquarters in Seoul, as part of a push to increase taxation and compliance, the National Tax Service...
South Korea Revamps Crypto Regulations To Prevent FTX and Terra Repeat
South Korean politician of the People Power Party, Yoon Chang-hyun, proposed amendments to the digital asset safe transaction bill as he believes the existing...
Busan Courts Multiple Suitors
Demonstrating once again its dream of becoming the premier crypto haven of East Asia, the city of Busan just announced a new partnership with...
South Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them
South Korea’s top financial regulator says that non-fungible tokens (NFTs) are not cryptoassets – and will likely exclude them from capital gains taxation.
The status...
South Korea unveils “death note” for crypto exchanges
More than one-third of South Korea’s crypto exchanges are highly likely to cease operation after the country’s looming September deadline of its new crypto...
President Moon taps new chiefs of the Financial Services Commission
President Moon Jae-in nominated new heads of the Financial Services Commission (FSC), the Blue House announced Thursday.
Koh Seung-beom, a member of the Bank...
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...
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...
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