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FSC head under fire for controversial comment on cryptocurrency

"I don't think it is the right path to jump on the bandwagon of recklessly buying a digital asset that's fluctuating more than 20...

Cryptocurrency frenzy in Korea unnerves regulator, investors

Many retail investors are feared to fall prey to what appears to be an irrational bubble of some virtual assets amid a burgeoning cryptocurrency...

Small cryptocurrency exchanges might be forced to close

According to the Financial Services Commission (FSC), an amendment to the Act on Reporting and Using Specified Financial Transaction Information requires all businesses dealing...

South Korea to Impose Heavy Penalty on Cryptocurrency Violations

The Financial Services Commission of Korea (FSC) introduced new penalty standards for cryptocurrency service providers today. The financial regulator is planning to impose heavy...

South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and Using Specified Financial Transaction...

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