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Financial Services Commission

(Daniel Bernard/ Unsplash)
Policy
South korea
South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."
(Daniel Bernard/ Unsplash)
By Jamie Crawley
Jan 4, 2024 at 4:54 p.m. UTC
Jan 4, 2024
South KoreaFinancial Services Commissioncredit cardsRegulations
The bill gives the Financial Services Commission authority to oversee and inspect service providers. (Daniel Bernard/ Unsplash)
Policy
Regulations
South Korea Passes Crypto Bill for User Protection
The bill marks the country's first step towards a digital asset legal framework.
The bill gives the Financial Services Commission authority to oversee and inspect service providers. (Daniel Bernard/ Unsplash)
By Lavender Au
Jul 3, 2023 at 5:52 a.m. UTC
Jul 3, 2023
RegulationsSouth KoreaNational AssemblyFinancial Services Commission
Officials are currently drawing up a comprehensive regulatory framework, the Digital Asset Basic Act, expected to be finalized next year. (Jacek Malipan/ Getty)
Policy
Regulations
FTX Fallout Adds Urgency to South Korea’s Push for Crypto Regulations: Report
An official at the Financial Services Commission says that unfair trade needs to be regulated.
Officials are currently drawing up a comprehensive regulatory framework, the Digital Asset Basic Act, expected to be finalized next year. (Jacek Malipan/ Getty)
By Lavender Au
Nov 15, 2022 at 4:37 p.m. UTC
Nov 15, 2022
RegulationsSouth KoreaFinancial Services CommissionFTXFTX Collapse
South Korea (Daniel Bernard/Unsplash)
Policy
South korea
South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report
The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report.
South Korea (Daniel Bernard/Unsplash)
By Jamie Crawley
Oct 24, 2022 at 1:38 p.m. UTC
Oct 24, 2022
South KoreaFinancial Services CommissionStablecoins
Seoul
Markets
Exchanges
South Korea's Financial Watchdog Warns Foreign Exchanges Must Register in 2 Months
The Korea Financial Intelligence Unit is pushing for exchanges to register in line with new anti-money laundering laws.
Seoul
By Sebastian Sinclair
Jul 22, 2021 at 7:07 a.m. UTC
Jul 22, 2021
ExchangesSouth KoreaFinancial Services Commission
Eun Sung-soo, head of South Korea's Financial Services Commission, said all of the nation's crypto exchanges could be shut down by this fall.
Policy
South korea
South Korea's Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down
Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.
Eun Sung-soo, head of South Korea's Financial Services Commission, said all of the nation's crypto exchanges could be shut down by this fall.
By Felix Im
Apr 23, 2021 at 8:31 p.m. UTC
Apr 23, 2021
South KoreaRegulationsFinancial Services Commission