South Korea

South Korea Unites Forces To Combat Illegal Crypto Activities

South Korea supports compliance and fights crypto crime amid pending legislation.

1 year ago

Korean Banks Introduce New Virtual Asset Guidelines For User Protection

Korean Federation of Banks implements "Virtual Asset Real-Name Account Operation Guidelines" to protect virtual asset users and combat money laundering.

1 year ago

Namibia Embraces Regulation: New Law Sets Framework For Crypto Industry Oversight

Namibia enacts the Namibia Virtual Assets Act 2023, reversing its previous ban on cryptocurrency exchanges.

1 year ago

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 Is Developing Phase 2 Of Virtual Asset User Protection Act

South Korea's Financial Services Commission (FSC) is making significant strides in the regulation of cryptocurrencies by developing a stablecoin regulatory…

1 year ago

Haru Invest Faces Challenge In Asset Recovery, Considers Compensation Plans

Haru Invest faces challenges in recovering assets from B&S Holdings, considering internal assets for compensation.

1 year ago

South Korea Moves To Revolutionize Capital Markets With Security Tokens

South Korea's Financial Services Commission aims to institutionalize security tokens through legislative amendments.

1 year ago

South Korea Demands Crypto Companies To Reveal Holdings

South Korea's financial regulator has released draft rules that will require companies that own or issue cryptocurrency to disclose more…

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

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