The global crypto regulatory sector has shown a spike in activity in 2024. Leading nations such as the US and UK announced new regulatory plans while on the other hand, Eastern countries also made advancements. Presently, in the past day, South Korea’s regulatory body, the Financial Supervisory Services (FSS) announced
The cryptocurrency sector in South Korea encountered a revised version of the FSC’s Virtual Asset User Protection Act. This revised version included a charge of supervisory fees for leading crypto exchanges such as Upbit, Bithumb, Coinone and GOPAX. The exchanges are required to pay a regulatory fee of 300 million
New regulations are being introduced by Taiwan’s Financial Supervisory Commission (FSC) to further safeguard crypto investors. The Commission has released industry standards for virtual asset service providers (VASP) operating in Taiwan on September 26. These recommendations outline the FSC’s essential principles for regulating the crypto market in Taiwan. Separating exchange
South Korea FSC has set a deadline for over 60 crypto exchanges. Crypto exchanges need to partner with south Korean local banks Only four exchanges have registered and partnered with a local bank. South Korea Financial Services Commission (FSC) has announced a deadline for more than 60 foreign and local
South Korea is one of the major countries where the majority of people are involved in the cryptocurrency industry. Many countries around the world are working hard to regulate and reform the crypto space. South Korea announced its regulations on 578 cryptocurrencies last month. Overall, many country regulators are conducting
