20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

Regulation Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit,[…]

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South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions

Regulation The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies.[…]

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South Korea Ends Anonymous Cryptocurrency Trading Today

Regulation The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed[…]

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South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks

Regulation The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In[…]

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Korean Crypto Exchanges to Share Data with Banks in New Account System This Month

Regulation The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges[…]

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Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks

Finance South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to[…]

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South Korean Banks Reverse Decisions on Cryptocurrency Accounts

Regulation South Korean banks have backtracked from their decisions to stop servicing cryptocurrency accounts as crypto investors protested and the[…]

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South Korea Announces Crypto Traders Could Face Fines Under New System

Regulation The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing[…]

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Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency Exchanges

Regulation Following the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for[…]

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Korean Government Starts Inspecting Major Banks for Crypto Regulation Compliance

Regulation The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move[…]

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