Legal Insights
South Korean crypto exchange Upbit in dock in trading tech case
South Korean crypto exchange Upbit — the country’s biggest — is facing a lawsuit filed by a university foundation alleging patent infringement.
Danny Park
Lens
South Korea
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Regulation
South Korean crypto exchange Upbit to sue Pica Project after delisting coin
South Korean cryptocurrency exchange Upbit is preparing legal action against crypto coin issuer Pica Project, whose tokens it has delisted from its platform.
Danny Park
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Regulation
S. Korean banks start crypto exchange reviews as contract renewals loom
South Korean lenders have started money laundering risk assessments of the country’s “big four” cryptocurrency exchanges, with which they have contracts to provide real-name accounts.
Danny Park
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Regulation
South Korean crypto exchanges face ban on listing own tokens
South Korea’s Financial Services Commission today revealed plans to ban cryptocurrency exchanges in the country from listing their own coins.
Danny Park
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Regulation
South Korean crypto exchanges race to comply with strict new rules
Fifty South Korean crypto exchanges have applied for certification under the country’s Information Security Management System — the first step in meeting stringent new crypto exchange regulations.
Danny Park
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Regulation
South Korea cracks down on suspicious crypto exchange accounts
South Korea’s main finance sector regulator has launched an investigation of accounts operated by crypto exchanges under false or third-party names.
Danny Park
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Regulation
South Korean crypto exchange executives face ban from own platforms
South Korea’s Financial Services Commission has announced plans to ban executive employees and exchange operators from trading on their own platforms, prompting a chorus of complaints. Fast Facts: The FSC’s Financial Intelligence Unit recently met with officials from cryptocurrency exchanges to explain upcoming amendments to the Act on Reporting and Use of Certain Financial Transaction Information, […]
Danny Park
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Regulation
South Korea will tax overseas crypto assets starting next year
S. Korea residents with accounts in foreign crypto exchanges may have to report their crypto holdings starting in 2022. Above what amount is taxable?
Danny Park
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Regulation
South Korean crypto exchange Upbit in the dock over botched transfers
Eleven users of Upbit have filed a class action lawsuit against its owner, Dunamu Inc., seeking damages over a suspected technical failure.
Danny Park
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Regulation
South Korean finance watchdog set to take over crypto regulation
South Korea is in the process of tasking a branch of the Financial Services Commission with regulating cryptocurrency exchanges.
Danny Park
