2019-8-7 12:01 |
A South Korean financial watchdog under the Financial Services Commission aims to more closely supervise exchanges in line with FATF standards. origin »
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South Korea's Financial Services Commission (FSC) will publicly disclose the results of its Financial Intelligence Unit's (FIU) inspections related to anti-money laundering and other investigations, including those involving crypto markets.
2023-8-4 11:30 | |
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The top financial regulator in South Korea has now mandated crypto-related companies to be more detailed in their financial statements. The new rule, which will kick off in January 2024, aims to boost transparency in crypto disclosures.
2023-7-13 19:00 | |
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South Africa has become the latest country to bring cryptocurrency into the financial assets segment. The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, on 19 OctoThe post South Africa brings crypto under financial assets segment, details here appeared first on AMBCrypto.
2022-10-20 11:30 | |
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Reports from Bloomberg confirms that South Africa’s primary financial regulator, Financial Sector Conduct Authority (FSCA), is planning to regulate cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
2021-1-28 20:50 | |
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The debate over the continual ban against initial coin offerings (ICOs) in South Korea has finally been settled, but the news isn’t good. The top financial regulator in the country has decided that the ban will remain in place, though the cause is due to rule violations of local projects. The Financial Services Commission (FSC) […]
2019-1-31 22:16 | |
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Domestic ICO ban in South Korea set to stay, regulator confirms
2019-1-31 14:49 | |
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ShinhanCard and OmiseGO (OMG) have developed the first Proof-of-Concept for the ShinhanCard loyalty program that will enable borderless interoperability. The ShinhanCard is issued by Shinhan Financial Group, one of the largest banking entities in South Korea.
2019-1-28 21:09 | |
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Latest Ripple News The Financial Intelligence Centre (FIC), the Financial Sector Conduct Authority (FSCA), the National Treasury (NT), the South African Revenue Service (SARS) and the South African Reserve Bank (SARB) has submitted the very first in-depth consultation paper calling for public participation before policy makers draft the first crypto regulation of its kind in […] The post Ripple Price Analysis: XRP/USD Trajectory Clear, Strong Supports at 30 Cents appeared first on Ethereum World News.
2019-1-23 14:45 | |
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In a major blow for the global crypto sector, two executives working for an established cryptocurrency exchange called ‘Komid’ have reportedly been sentenced to jail for “purposely inflating trade volumes” through the use of digital bots and fake financial accounts.
2019-1-20 19:56 | |
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South Korea’s Internet & Security Agency (KISA) has granted an important certification to the country’s leading cryptocurrency exchange Bithumb. Meanwhile, in Japan, Coincheck, the country’s largest exchange, is now registered with the Financial Services Agency.
2019-1-11 17:00 | |
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A report released by CCTV—2, the Chinese owned Financial Channel television station indicates that the bear market may have had a significant toll on local miners than initially anticipated. The state-owned broadcaster has just released a report which seeks to document the effects of the 2018 bear market on the local crypto miners. The report […]
2019-1-4 20:20 | |
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Chinese state television has sought to document the toll taken on South Korean cryptocurrency companies by 2018’s bear market, with Financial Channel (CCTV-2) producing a report detailing the challenges faced by Korean miners.
2019-1-4 07:15 | |
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South Korea Submits Cryptocurrency-Related Bills To The National Assembly To Regulate The Market According to data provided to news. Bitcoin. com by South Korea’s top financial regulator, the Financial Services Commission (FSC).
2019-1-1 23:42 | |
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South Korea’s top financial regulator has exclusively shared with news. Bitcoin. com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions.
2018-12-31 07:58 | |
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South Korea-based cryptocurrency exchange Bithumb has been acquitted of a lawsuit filed by an investor named Ahn Park. Park accused the trading platform of lax security measures which allowed hackers to steal his crypto holdings worth $355,000, reports Finance Magnets, December 26, 2018.
2018-12-30 07:00 | |
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South Korean authorities recently alleged that top executives of cryptocurrency exchange company, Upbit, falsified the company’s trading volume. Company Inflates Trading Volume by $226 billion Three top Executives of Upbit, one of South Korea’s largest cryptocurrency exchange, were recently accused of inflating the company’s trading volumes and manipulating the data system to attract investors, according to a report by The Korea Times.
2018-12-22 11:03 | |
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Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.
2018-12-12 01:52 | |
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South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018.
2018-12-11 04:00 | |
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The financial institution has already tested distributed ledger technology for Interest Rate Swap transactions.
2018-12-10 20:39 | |
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The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.
2018-12-10 15:00 | |
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The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings) were […]
2018-12-10 09:29 | |
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The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings) were […]
2018-12-10 09:29 | |
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China’s Central Bank, the People’s Bank of China, reported to the South China Morning Post its decision concerning security token offerings, noting that they are illegal in the country. The bank’s deputy governor Pan Gongsheng appeared at a summit in Beijing and there, he discussed the “illegal” financing activities that have been effectuate with STOs […]
2018-12-10 06:11 | |
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The financial authorities of South Africa are now looking for comments on a proposed policy that could enact changes that would offer more regulatory certainty in the country. This happened soon after the South African Reserve Bank (SARB) and the National Treasury decided to overhaul the current system that is being used in the country, […]
2018-12-7 17:41 | |
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As chairman and co-founder of the Social Alpha Foundation (SAF), Nydia Zhang has left a solid mark on the blockchain and cryptocurrency space, though, as a young art student at the University of Washington in 2011, blockchain was far from the direction she saw her life taking.
2018-12-6 18:13 | |
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As South Korea has come in to the cryptocurrency market, they have been fairly strict about the regulations that exchanges and investors must adhere to. However, as the Financial Supervisory Service (FSS) has reviewed the local financial institutions, they have found that two major domestic banks are not doing their part in anti-money laundering (AML) […]
2018-12-5 03:28 | |
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CoinSpeaker South Korea’s Financial Regulator Unveils Taxation Plans for Cryptocurrency and ICOsSouth Korea’s financial authorities are actively working on preparing new taxation plans to introduce taxes on crypto trading and ICOs.
2018-12-4 14:56 | |
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The financial authorities of South Korea, most specifically from the Ministry of Finances, have declared that they are currently considering to create a cryptocurrency tax. The idea was announced by the active minister, Hong Nam-Ki.
2018-12-4 07:19 | |
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South Korean cryptocurrency exchange OKEx launched its perpetual swap trading product in Seoul on December 3, 2018, during a press conference attended by BTCManager. Burgeoning Crypto-Finance Domiciled in Malta, OKEx described the product as a significant addition to its growing list of crypto-centric trading products and financial tools.
2018-12-3 21:30 | |
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It seems that banks are more vulnerable to money laundering and terrorist financing risks than virtual currencies. The information was reported by Business Korea citing a report released by the Financial Information Unit (FIU).
2018-12-2 01:45 | |
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A risk assessment report released by the Financial Information Unit (FIU) found banks more vulnerable to money laundering and terrorist financing risks than cryptocurrencies, Business Korea reported.
2018-11-30 01:00 | |
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ICOs might be the most popular way to raise funds in the crypto industry, but their fame could be short-lived. The potential market for security tokens is enormous, with estimates for the broader transition of financial assets to blockchain valued at up to US$24 trillion, the South China Morning Post reported on November 26, 2018.
2018-11-28 22:00 | |
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Ambiguity regarding cryptocurrency regulations in Hong Kong continues to be an Achilles heel for investors in the new asset class, as they cannot officially seek the help of the state’s financial regulator for redressal, reports South China Morning Post, November 26, 2018.
2018-11-27 00:00 | |
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Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
2018-11-15 17:45 | |
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Cryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date.
2018-11-11 10:10 | |
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Hong Kong unveiled a new set of regulations aimed at governing the local cryptocurrency trading and funding market in a move that seeks to improve investor protection and the city’s status as a premier financial hub.
2018-11-3 13:00 | |
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South Korea’s largest cryptocurrency exchange, Bithumb, has signed a deal with an American fintech company to launch a security token exchange in the US, local outlet Yonhap News reports.
2018-11-2 20:33 | |
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South Korean cryptocurrency exchange Bithumb has joined the league of exchanges diversifying their international offerings by setting up a US securities trading platform. Preempting ‘Global’ Blockchain Asset Tokenization Through a partnership with blockchain fundraising platform SeriesOne, Bithumb seeks to speed up its growth into a “global financial firm” by cornering the securities token market, local South Korean media outlet Yonhap News Agency reported Nov 1.
2018-11-1 19:30 | |
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Aiming to create an SEC and FINRA-compliant U. S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.
2018-11-1 19:06 | |
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The commissioner of the Financial Services Commission (FSC) of South Korea, Choi Jong-Ku, has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges.
2018-11-1 14:09 | |
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South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund.
2018-10-31 02:00 | |
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Hosting Crypto Trader’s latest episode on the sidelines of the Crypto Invest Summit in Los Angeles, South African investor and founder of OnChain Capital Ran NeuNer, touched on several important topics in the cryptocurrency sector.
2018-10-29 19:59 | |
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South Korean cryptocurrency exchange GOPAX has become the first blockchain company to attain K-ISMS certification, the official standard in Korea for information security management systems.
2018-10-30 23:51 | |
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In this edition of Regulations Roundup, we focus on the U. S. Securities and Exchange Commission’s (SEC) ongoing discussions with companies that are interested in setting up cryptocurrency funds.
2018-10-26 18:45 | |
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According to its quarterly financial results report, the American semiconductor manufacturer company AMD had almost negligible sales of blockchain-related graphics processing units in Q3 of 2018. The financial report was published on October 24, 2018.
2018-10-27 17:00 | |
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South Korea's Financial Services Commission has warned the public to exercise caution when investing in cryptocurrency funds.
2018-10-24 16:01 | |
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North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges.
2018-10-20 00:22 | |
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The top financial regulator of South Korea doesn’t believe that cryptocurrencies and initial coin offerings (ICOs) have positive connotations. During the parliamentary audit sessions of the Financial Services Commission (FSC) at the National Assembly on Oct.
2018-10-18 16:59 | |
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Bitmain’s beleaguered IPO faces further challenges as the latest Trump tariffs hit mining hardware. The situation is also likely to affect planned IPOs by Canaan and Ebang according to the South China Morning Post.
2018-10-17 04:00 | |
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South Korea’s third-largest crypto exchange, Coinone, is reportedly looking to sell part of its chairman’s stake, with Coinbase named as a potential participant in the early talks. According to a Seoul Economic Daily report citing a company representative, Coinone plans…
The one-exchange-one-bank model is not a legal requirement but is widely followed. A government study found the setup limits access for small crypto exchanges. Large platforms dominate Korean won-based trading due to better liquidity.
Only VASP-registered platforms will stay available on the Play Store. Local exchanges like Upbit and Bithumb could gain more market share. Some traders may shift towards DeFi and non-custodial wallets.
South Korean regulators plan to lift a nine-year ban on corporate crypto investments as the country continues to warm up to the digital asset space. South Korea’s Financial Services Commission has reportedly crafted new guidelines for listed corporations and professional…
Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector.
South Korea's ruling Democratic Party is working to consolidate several lawmaker proposals into a revised digital asset bill.
According to reports, Mirae Asset Group is in advanced talks to buy Korbit, South Korea’s long-running crypto exchange, in a deal valued at about 100 billion to 140 billion won — roughly $70 million to $100 million.