Sun, November 24

South Korea FSC Has announced Deadline for Over 60 Crypto 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

September 17, 2021 2 mins read

South Korea’s FSC Has Shut Down 11 Local Exchanges

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

August 3, 2021 2 mins read

South Korea Tightens Foreign Crypto Exchanges Regulation

South Korea is moving forward with its regulatory investigation of unregistered digital currency exchanges. Thus as of late, asking foreign virtual-resource service providers to enlist with them to avoid close down. Financial Services Commission (FSC), some time ago known as Financial Supervisory Commission. It was expressed in April of this

July 25, 2021 2 mins read

KFC Signs MOU With TriumphX for NFTs in South Korea

The Kentucky Fried Chicken (KFC) needs no further introduction as it is one of the world’s largest fast-food chains operating all over the world. In spite of all its fame and successful business all over the world, KFC looks forth to increase its already flourishing marketplace of South Korea even

July 23, 2021 2 mins read

The FCA of South Korea Plans To Regulate Crypto Space

South Korea is debating four crypto-related bills for cryptocurrency regulation. The regulators are into the research process of analyzing 578 cryptocurrencies in various methods, according to the Chairman. The Financial Services Commission (FSC), the country’s top financial regulator, is also planning to regulate the crypto industry. Chairman Eun Sung-soo stated

July 17, 2021 2 mins read

South Korea Snatches off $47 Million From Tax Evaders

All the major countries all over the world are completely submerged into regulations and reforms in their cryptocurrency industry. This contagion has not spared South Korea too. Most cryptocurrency exchanges are facing tremendous hardships in order to cope up with the regulations.  Gyeonggi-do’s Seizures Gyeonggi-do is South Korea’s largest and

June 24, 2021 2 mins read

Seoul Police Seized South Korean’s Crypto Exchange Bithumb for Third Time

Bithumb, the largest cryptocurrency exchange in South Korea, was reportedly raided for the third time, by Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit. Police reportedly seized a number of shares in Bithumb Holdings. Despite this, the holdings belongs to Bithumb Korea Director Kim Byung-Geon. In contrast, the seizure action

September 16, 2020 2 mins read