2022-8-19 18:26 |
The unregistered crypto exchanges face up to five years in prison or fines of approximately $37,000 with a ban on future registration in South Korea. Korea Cracks Down on Unregistered... origin »
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South Korea’s Financial Services Commission (FSC) reported 16 foreign crypto exchanges to investigative agencies for violating the Specific Financial Information Act, news1 reported on August 18.
2022-8-19 17:00 | |
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Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time.
2021-7-23 22:33 | |
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Korean authorities will tighten control over unregistered foreign cryptocurrency exchanges
2021-7-22 13:02 | |
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The government of South Korea wants all unregistered crypto exchanges in the country to shut down. If they don’t, their owners may go to jail. Recently, lawmakers of the country decided that all exchanges should register with the Financial Services Commission (FSC).
2019-11-22 00:22 | |
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A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements.
2019-11-22 16:34 | |
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Notable booms include Loom Network’s LOOM, whose price surged approximately ten times over two months, and HIFI, whose prices spiked by 6,600% in September alone.
Four employees of South Korean crypto exchange Coinone have been indicted for allegedly employing illegal methods to amass profits exceeding 2.98 billion Korean won.
A group of Korean exchanges recently announced guidelines for listing and relisting tokens.
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules.
Talk of CBDCs may have taken a back seat for many world central banks right now. Yet, despite claiming there was no reason for one just a couple of months ago, the Bank of Korea has unveiled a 22-month pilot plan.