South Korea

May 06, 2024

South Korea stops short of allowing crypto in updated donation laws

The newly amended donation legislation in South Korea has omitted digital currencies, posing a potential setback for the country’s charities and donation initiatives.   According to […]
February 19, 2024

South Korean ruling party pledges 2-year delay for crypto tax as elections loom

Amid South Korea’s upcoming general election in April, the ruling People Power Party is advocating for a two-year postponement of crypto gains taxes, aligning with its […]
February 07, 2024

South Korean crypto criminals face life imprisonment

The South Korean government has introduced revisions to the Virtual Asset Users Protection Act, aiming to implement cryptocurrency-focused regulations geared towards safeguarding investors from market crimes. […]
February 05, 2024

S. Korea regulator to discuss spot Bitcoin ETF with SEC chief Gary Gensler

South Korea’s Financial Supervisory Service (FSS), the country’s primary financial regulator, is planning to engage with the United States Securities and Exchange Commission (SEC) to gain […]

S. Korea proposes FSC screening of crypto execs before employment

South Korea’s financial watchdog has put forward amendments that would require new executives in cryptocurrency projects to obtain regulatory approval before assuming positions in crypto companies. […]
January 19, 2024

South Korea’s top office urges FSC to revisit stance on spot Bitcoin ETFs

South Korea’s Financial Services Commission (FSC) recently cautioned against trading U.S.-based spot Bitcoin exchange-traded funds (ETFs). However, the Office of the President, also known as the […]
January 04, 2024

South Korea proposes ban on credit card payments for cryptocurrencies

South Korea’s financial regulator is concerned about illegal outflows and money laundering risks from citizens using credit cards to buy crypto from overseas exchanges.   South […]
December 11, 2023

South Korea excludes NFTs, CBDCs from crypto interest mandate

Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits.   The Financial Services Commission (FSC) of […]
December 04, 2023

South Korean financial authorities solicit reports on unlicensed crypto exchanges

Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country. […]

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