Tag: VASPs

Less than 18 months ago, the South Korean government updated its Act on Reporting and Use of Specific Financial Transaction Information. The actual enforcement...

The South Korean arm of the cryptocurrency exchange OKEx has decided to shut up shop rather than attempt to navigate revised regulatory hurdles that...

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

Virtual asset exchanges, which had sprang up until last year, continue to close. The amended ‘Specific Financial Transaction Information Act’ includes anti-money laundering (AML)...