Financial Services Commission


Policy

South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards

The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."

(Daniel Bernard/ Unsplash)

Policy

South Korea Passes Crypto Bill for User Protection

The bill marks the country's first step towards a digital asset legal framework.

South Korea flag (Daniel Bernard/ Unsplash)

Policy

FTX Fallout Adds Urgency to South Korea’s Push for Crypto Regulations: Report

An official at the Financial Services Commission says that unfair trade needs to be regulated.

Officials are currently drawing up a comprehensive regulatory framework, the Digital Asset Basic Act, expected to be finalized next year. (Jacek Malipan/ Getty)

Policy

South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report

The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report.

South Korea (Daniel Bernard/Unsplash)

Markets

South Korea's Financial Watchdog Warns Foreign Exchanges Must Register in 2 Months

The Korea Financial Intelligence Unit is pushing for exchanges to register in line with new anti-money laundering laws.

Seoul

Policy

South Korea's Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down

Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.

Eun Sung-soo, head of South Korea's Financial Services Commission, said all of the nation's crypto exchanges could be shut down by this fall.

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