Wed, July 9

South Korea to Enforce Strict KYC Rules for Crypto Sales in June

The Financial Services Commission of South Korea will make it compulsory for non-profit organizations and crypto exchanges to comply with a firm customer verification process from June.  The official release of FSC states that these bodies will be permitted to sell virtual assets under new laws. Nonprofits are permitted to

May 21, 2025 2 mins read

South Korea to Allow Foreign Crypto Investments with AML Compliance

Crypto community members have been watching the dispute between Justin Sun and Hong Kong financial institution, FDT. On the other hand, market prices have shown minimum movements in the last 24 hours. A recent report of surging crypto crimes have unsettled waves in the community.  On turning to the regulatory

April 3, 2025 2 mins read

South Korea to Open Institutional Crypto Trading and Allow Crypto Donation Sales in 2025

The Financial Services Commission in South Korea plans to enable fund sales from digital asset donations in 2025. Operations such as charities, universities, and cryptocurrency exchanges receive the capability to convert their donated crypto assets into cash. The regulator also seeks to launch a pilot program on corporate crypto trading.

February 13, 2025 2 mins read

South Korea Moves Closer to Approving Corporate Crypto Accounts

South Korea Financial Services Commission (FSC) has taken a cautious approach to enabling corporate cryptocurrency trading accounts, deferring a decision for further discussion. The stance was outlined during the second Virtual Asset Committee meeting on January 15, as reported by the Korea Times. FSC Vice Chairman Kim So-young stated that

January 15, 2025 2 mins read

South Korea’s FSC Dismisses National Bitcoin Reserve Proposal

South Korea’s Financial Services Commission (FSC) has rejected plans to create a national Bitcoin reserve. The decision comes as U.S. President-elect Donald Trump pushes pro-crypto policies. FSC Chairman Kim Byung-hwan expressed caution, prioritizing investor protection over rapid adoption. 📢JUST IN: SOUTH KOREA'S FINANCIAL SERVICES COMMISSION (FSC) DROPS PLANS TO ESTABLISH

November 25, 2024 2 mins read

Taiwan Set to Launch Crypto Custody Trial with Banks

Taiwan’s Financial Supervisory Commission (FSC) plans to trail the custody services of open digital assets. Three domestic banks have taken the initiative to participate in the trial program, which is set to kick off in the first quarter of 2025.  These banks are expected to provide storage solutions for the

October 9, 2024 1 min read

Taiwan FSC Unveils New AML Regulations for Crypto Firms

Taiwan’s Financial Supervisory Commission (FSC) has unveiled a comprehensive set of anti-money laundering (AML) rules. These rules specifically target cryptocurrency firms and are set to be enforced by 2025. The new regulations aim to bring order to the growing digital asset market. They require virtual asset service providers (VASPs) to

October 3, 2024 2 mins read

Taiwan Allows Professional Investors to Access Foreign Virtual Asset ETFs

Taiwan’s Financial Supervisory Commission (FSC) has announced a new initiative allowing professional investors to invest in foreign virtual asset exchange-traded funds (ETFs) via a re-entrustment method. This decision, detailed in a press release on Monday, aims to diversify investment options and enhance the re-entrustment business of the nation’s securities firms.

September 30, 2024 2 mins read

South Korea Regulator FSS Plans Inspection on Crypto Exchanges

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

September 3, 2024 2 mins read

South Korea FSC Announces Supervisory Fees For Crypto Exchanges

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

August 1, 2024 2 mins read
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