Cryptocoins News / Finance Magnates - 3 months ago
South Korea's Financial Services Commission (FSC) has proposed significant changes to its reporting requirements for virtual asset service providers (VASP) to regulate the employment of executives in the sector. This amendment would mandate the vetti...
Cryptocoins News / Finance Magnates - 3 months ago
South Korea's Financial Supervisory Service (FSS) is seeking
guidance from the United States Securities and Exchange Commission (SEC) on
spot Bitcoin exchange-traded funds (ETF).FSS Chief's 2024 Plans: Spotlight on New York and Bitcoin
ETFsThe Govern...
Bitcoin News / Bitcoin.com - 3 months ago
On Jan. 30, a South Korean court continued with the trial of a prosecutor who is accused of passing sensitive information on the progress of an investigation to an alleged virtual asset investment fraudster. According to the Gwangju District Prosecut...
Bitcoin News / Bitcoin.com - 3 months ago
South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to abnorma...
Cryptocoins News / Blockchain - 3 months ago
Binance plans to reduce its majority stake in South Korean crypto exchange Gopax to address regulatory compliance issues, following its acquisition in early 2023. (Read More)
Cryptocoins News / Finance Magnates - 3 months ago
A
recent report has unveiled a concerning surge in cyber-attacks orchestrated by
North Korea-linked hackers, indicating a growing trend in the targeting of
cryptocurrency assets. The analysis firm's findings revealed that in 2023,
these hackers condu...
Bitcoin News / Bitcoinist - 3 months ago
2023 marked a record high in the number of crypto platform hacks linked to North Korea, but the total value of looted funds decreased significantly. According to Chainalysis, a firm specializing in blockchain analysis, there has been a notable increa...
Cryptocoins News / Blockchain - 3 months ago
South Korea's Presidential Office has urged the Financial Services Commission to reconsider its stance on Bitcoin ETFs, indicating a potential shift in the country's cryptocurrency regulation, following initial warnings against U.S.-based spot Bitcoi...
Cryptocoins News / Finance Magnates - 3 months ago
The Office of the President of the Republic of Korea is
challenging the Financial Services Commission's (FSC) stance against spot Bitcoin
exchange-traded funds (ETFs). This step arrived about a week
after the FSC cautioned against trading US-based sp...
Cryptocoins News / CoinJournal - 3 months ago
Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs.
President’s office urges FSC to reconsider stance, noting possibility if incorporating...
Bitcoin News / Google News Bitcoin - 3 months ago
South Korean president's office urges financial regulator to reconsider spot bitcoin ETF possibility& & The Block - Crypto News
Bitcoin News / Bitcoin.com - 3 months ago
Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow virtual...
Cryptocoins News / Blockchain - 3 months ago
South Korea's Financial Intelligence Unit (FIU) is set to introduce new regulations targeting digital asset mixers, mirroring similar moves by the US. These measures aim to curb the use of crypto mixers for illegal money laundering. (Read More)
Bitcoin News / Bitcoin.com - 3 months ago
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024. De...
Bitcoin News / Bitcoinist - 3 months ago
Data shows Upbit, the largest Korean cryptocurrency exchange, has the altcoins contributing to 87% of the total trading volume.
87% Of The Trading Volume On Upbit Is Occupied By Altcoins
In a new post on X, CryptoQuant founder and CEO Ki Young Ju has...
Cryptocoins News / Finance Magnates - 3 months ago
The South Korean government is contemplating strict
measures against the use of crypto-mixing services. The country's financial
authorities are gearing up to introduce regulations specifically targeting
virtual asset mixers, which have become a tool...
Bitcoin News / Bitcoinist - 3 months ago
The crypto industry has been experiencing convulsion over the last few days, which is expected to continue in the coming months. In the United States, the industry has achieved a significant victory, but the situation could become more restrictive in...
Bitcoin News / Bitcoinist - 3 months ago
South Korea’s Financial Services Commission (FSC) has recently issued a statement that could have significant implications for the local crypto market in its region.
The FSC has indicated that domestic securities firms’ brokering of US sp...