South Korean Regulator Compels Lawmakers to pass the crypto bill urgently

2018-7-28 11:06

Regulation

South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at crypto exchanges.
Japan Confirms Entrance Into the Crypto Space
Crypto Law Urgently Needed
South Korea’s top financial regulator, the Financial Services Commission (FSC), has urged lawmakers to “pass the country’s first cryptocurrency bill quickly,” Bloomberg reported this week.
The South Korean government first announced crypto regulation in the second half of last year.
Putting FSC in Charge of Crypto Exchanges
Following the security breaches at Coinrail and Bithumb, the Korean government immediately launched an investigation into their causes.
Do you think South Korea needs to pass a crypto bill urgently?

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UK’s FCA is on the Lookout for ‘Crypto Experts’

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Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions

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On June 20, all deposits and withdrawals were suspended to update the platform and improve security system to avoid further threats. Initially, the bithumb team has recovered around 16$ million from the hack, but later controversy increased as the chairman of Financial Service Commission Kim Yong-bum got disappeared, and bithumb stopped all further deposits and […]

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Financial services mobile app Robinhood has added support a peer-to-peer digital currency called Dogecoin (DOGE) on its Robinhood Crypto Platform. As it was announced yesterday, the California-based fintech firm Robinhood would be listing Dogecoin (DO)GE) on its quickly growing feeless crypto mobile app.

2018-7-17 18:40


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