FSC News

South Korea’s Financial Services Commission (FSC) is weighing a new proposal that would require crypto executives to obtain regulatory approval before taking up a role. In a document published on its official website on Feb. 5, the FSC says it…

The financial watchdog published suggested rules to protect digital asset customers under the Virtual Asset User Protection Act passed earlier in 2023.  

Taiwan's Financial Supervisory Commission (FSC) is exploring the potential introduction of crypto ETFs, carefully examining global trends and regulatory approaches to ensure a balanced entry into the digital asset market.

A consultation paper dated October 2023 shares the Financial Services Commission (FSC) of East African country Mauritius started collecting feedback about the inclusion of metaverse within the financial services industry.

WOO Network, a leading crypto trading platform, has received approval from Taiwan’s financial regulator to register as an anti-money laundering (AML) organization. The Financial Supervisory Commission (FSC) of the Banking Bureau of Taiwan has released a list of 24 registered…

The Bank of Korea has urged financial regulators in the region to lift the long-standing ban on initial coin offerings (ICOs).

The Financial Intelligence Unit (FIU) has informed law enforcement agencies of 16 overseas virtual currency enterprises accused of breaking the Specific Financial Information Act by conducting undisclosed illicit economic interests for Koreans. The Exchanges’ Incriminating Actions. As a result of…

SouthKorea Financial Service Commissioner FCS chairman, Kim Joo-Hyun, has announced plans to accelerate the formation of #cryptocurrency regulations

South Korea’s Financial Services Commission (FSC) has introduced stricter guidelines to govern the nation’s crypto ecosystem. Dubbed the ‘Comparative Analysis of the Virtual Property Industry Act, the proposal aims to put measures in place that will foster consumer protection, while…

South Korean politician, Yun Chang-Yun has called for a parliamentary hearing on Terra in a bid to find out the real cause of the sudden collapse of both the TerraUSD (UST) stablecoin and the LUNA token from CEO Do Kwon.…

With South Korean regulators set to shut down local cryptocurrency exchanges that fail to meet up the requirements before the deadline later in September, investors in the country could experience losses worth over $2.5 billion.  Clampdown on Crypto Exchanges Could…

Koh Seung-beom, the nominee for South Korea’s Financial Service Commission (FSC), said that he does not see cryptocurrencies as a financial asset. FSC Nominee Says Crypto Not a Financial Asset According to the Korean Times on Wednesday (August 25, 2021),…

The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo has said that cryptocurrency exchanges operating abroad that offer the Korean won trading pair must register with the anti-money laundering (AML) regulator. South Korean AML Regulations Extend to Foreign…

The blockchain industry in South Korea is reportedly facing a difficult period reports local media platform The Block Post. While the struggles of cryptocurrency exchanges in the country isn’t exactly news, it appears that other crypto-businesses are also experiencing similar…

Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean…

The Taiwanese Government recently amended their anti-money laundering and Countering Finance Terrorism (AML/CFT) laws concerning cryptocurrency regulations. According to an Asia Times article published on November 5, 2018, these revisions and changes will give Taiwan’s Financial Supervisory Commission (FSC), the…