Lens
Regulation
Bank of Korea, the central bank, seems uncomfortable with the Financial Services Commission, the country’s regulator, having the mandate over the cryptocurrency industry. The bank is pushing for more say, arguing crypto can influence the stability of the overall financial market and that involves the central bank.
Danny Park
Regulation
South Korean ruling party lawmaker Yoon Sang-hyun asserted that the country needs to appoint a special prosecutor to investigate the Terra-LUNA collapse, which affected over 280,000 people locally, in comments at the National Assembly’s parliamentary audit on the Financial Services Commission (FSC), South Korea’s top financial regulator. See related article: South Korea’s investigation of Do […]
Danny Park
Regulation
Kim Joo-hyun, the chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), said on Thursday the agency will promote blockchain technology and user protections in the crypto market. See related article: South Korea’s all-encompassing crypto law is coming — what we know so far Fast facts “In cooperation with the National Assembly, […]
Danny Park
Regulation
Aiming to uncover the next “BTS in finance,” Chairman Kim Joo-hyun of the Korean Financial Services Commission (FSC) is calling for “bold reforms” in financial regulations, including in crypto assets.
Danny Park
Regulation
A regulatory hurricane swept away half of South Korea's crypto exchanges in 2021. Who are the survivors — and are there larger lessons for the rest of the world?
Danny Park
Regulation
Experts expect more disruption as the crypto industry matures and a younger generation places different values on status and job security.
Danny Park
Regulation
A lawmaker claims authorities gave the country’s largest crypto exchange privilege in meeting government requirements.
Danny Park
Regulation
South Korea’s virtual asset industry is expected to withstand major regulatory reconstruction
Danny Park
Regulation
Around 35 virtual asset exchanges will vanish as of midnight Friday, as the country imposes new rules designed to protect consumers.
Danny Park
Regulation
The country's crypto industry has been turned upside down with stricter operating rules that take effect tomorrow.
Danny Park
