FSS

South Korea’s Kimchi Premium Crackdown: $305M Illegal Profits, 49 on Trial

South Korean prosecutors bring 49 suspects to trial for illegal foreign exchange outflows and $305 million in profits from virtual…

1 year ago

South Korea To Set Clear Accounting Standards For Virtual Assets

South Korea's government has introduced accounting guidelines for virtual assets to address confusion and establish clear standards.

1 year ago

Korean Financial Supervisory Authority Meets With 5 Major Crypto Exchanges

The Korean Financial Supervisory Service (FSS) will host a private meeting with five cryptocurrency exchanges.

1 year ago

Korean Financial Authority Steps Up Unfair Virtual Asset Trading Sweep

Korean Financial Supervisory Service conducted a news conference to report on how it increased its capabilities to examine unfair transactions.

1 year ago

South Korea Finance Regulator Says Crypto Is Also An Investment Product

According to local media reports, South Korea's Financial Supervisory Service (FSS) governor Lee Bok-hyun disagrees with the view that cryptocurrency…

2 years ago

Korean Regulators Are Looking Into Banks Over A $6.5 Billion Kimchi Premium

Investigations are being conducted into South Korean banks' possible complicity in the $6.5 billion in shady international transfers that have…

2 years ago

Korean Banks Were Investigated For $6.5 Billion Worth Of Crypto-Related Transactions

Authorities identified more unusual transfers involving other organizations just days after making their initial arrests in a probe into suspicious…

2 years ago

FSS Korea has moved into crypto, fintech and finance

Although regulators are making it harder for crypto companies in South Korea (FSS Korea), more and more regulators in the…

3 years ago

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