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Transaction of own coins banned for cryptocurrency exchanges

The regulatory Financial Services Commission on Thursday said that it will add detailed measures to the legislation governing cryptocurrency exchanges in an effort to...

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...

Accounts of Cryptocurrency Exchanges to be Inspected

The Financial Services Commission announced on June 9 that it would look into every financial company to find out non-real-name accounts of cryptocurrency exchanges. At...

South Korea to prohibit exchange insiders from trading on their own platforms

According to Chosun, Financial Services Regulatory Commission (FSC) is “pressuring” the government to accept its plan to impose fines of up to $ 90,000...

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...

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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