Fri, March 29

South Korea Announces a New Monitoring Tool to Detect Risks

South Korea’s Financial Supervisory Services (FSS) has announced a proposal to establish a cryptocurrency monitoring tool. That will be integrated into the identification verification system by the end of January. As well as penalizing cryptocurrency investors who refuse to validate their identities. FSS governor Lee Bok-hyun officially announced this on

January 19, 2023 2 mins read

South Korea Interrogating Leading Banks in Light of Suspicious Activity

FSS is investigating South Korea’s leading banks for unethical crypto transactions. FSS requested banks to submit an audit on noteworthy foreign exchange transactions. Two of the South Korean largest banks are under exploration by the Nation’s Financial Supervisory Service (FSS) for potential links with unethical crypto-based transactions. Woori and Shinhan

July 28, 2022 1 min read