Cryptocoins News / Finance Magnates - 1 year 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 - 1 year 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...
Cryptocoins News / Blockchain - 1 year 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 / Blockchain - 1 year 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 - 1 year 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 - 1 year 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 - 1 year ago
South Korean president's office urges financial regulator to reconsider spot bitcoin ETF possibility& & The Block - Crypto News
Bitcoin News / Bitcoin.com - 1 year 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 - 1 year 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 - 1 year 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...
Cryptocoins News / Finance Magnates - 1 year 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 - 1 year 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 - 1 year 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...
Cryptocoins News / Finance Magnates - 1 year ago
Despite the recent approval of spot Bitcoin
exchange-traded funds (ETFs) by the US Securities and Exchange Commission
(SEC), the South Korean Financial Services Commission (FSC) has stated that it
would not permit the trading of cryptocurrencies on i...
Bitcoin News / Google News Bitcoin - 1 year ago
South Korea’s Samsung Securities, Mirae Asset suspend foreign spot bitcoin ETFs amid regulatory warning& & The Block - Crypto News
Cryptocoins News / Blockchain - 1 year ago
South Korea reaffirms its prohibition of local financial institutions from owning, buying, or investing in cryptocurrencies and businesses offering crypto, including a strict ban on cryptocurrency exchange-traded funds (ETFs). (Read More)
Bitcoin News / Bitcoin.com - 1 year ago
South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Comm...