South Korean Regulator Eases Proposed Crypto Reporting Rules Targeting Large Transfers
South Korean financial authorities have reportedly amended their proposed changes to the Specific Financial Information Act (SFIA), easing the reporting ...
Tag: South Korea crypto regulation
South Korea’s KB Financial Completes Stablecoin Pilot As Lawmakers Press For Regulatory Framework
South Korea’s KB Financial has completed a Proof-of-Concept (PoC) for won-denominated stablecoin as lawmakers and experts push to advance the ...
Bank Of Korea Wants Crypto ‘Circuit Breakers’ After Bithumb’s 620,000 BTC Mistake
The Bank of Korea (BOK) has urged the cryptocurrency industry to adopt stronger safeguards after a major operational failure at ...
Think Your Crypto Is Liquid? Korea’s New Asset‑Matching Regime Says Think Again
South Korea’s Financial Services Commission (FSC) is ordering all domestic crypto exchanges to implement near real‑time asset‑matching systems. A Tighter ...
Crypto Investors Cheer As South Korea Scraps Punishing Tax Plan
South Korean right-wing lawmakers have proposed a bill to abolish the taxation of crypto assets scheduled to take effect on ...
Crypto Under Fire: Why South Korea’s Bithumb Penalty Is A Warning Shot To Exchanges Worldwide
South Korea’s Financial Intelligence Unit (FIU) has imposed a 6-month partial business suspension and 36.8 billion won fine on one ...
Crypto Surveillance Surge? South Korea’s Tax Office Rolls Out Aggressive New Profit‑Tracking
South Korea has started laying the groundwork for a new tracking system designed to impose taxes on profits from cryptocurrency ...
Bithumb Faces 6-Month Suspension In South Korea Over AML, KYC Violations
The South Korea-based cryptocurrency exchange, Bithumb, is facing significant legal and operational challenges following a major system error in February. ...
