Tag: south-korea

Jul 07 2021

South Korea Investigates 33 People for Illicit Crypto-Related Transfers

The Seoul Customs Office noted that four of them are still under investigation and will be soon prosecuted or fined.

Jul 05 2021

South Korea’s FSC Could Join Other Regulators Stance towards Binance

The crypto exchange is also required to register its business under the new rulings imposed by the South Korean watchdog.

Jun 28 2021

Korean Banks Hostile against Crypto Exchanges with ‘Too Many’ Listings

Several crypto exchanges recently dropped low-volume tokens and issued warnings against dozens.

Jun 24 2021

South Korean Bureau Condecorates Taxman for Finding $32M Worth in Cryptos

Hwang Byung-gwang was praised due to his investigative skills in finding millions of dollars of undisclosed cryptocurrencies.

Jun 23 2021

South Korea Seizes over $47 Million Worth in Cryptos from Tax Evaders

Authorities said that a TV personality and a doctor were among the tax dodgers caught in the crackdown.

Jun 22 2021

South Korean Tech Giant Launches Its Own Crypto Business

The subsidiary will be led by the former head of the Hancom MDS software development arm.

Jun 16 2021

Jun 15 2021

South Korean Regulator Extends AML Rules Adoption until the End of the Year

The financial watchdog originally set a deadline until early July to implement the new anti-money laundering rulings.

Jun 14 2021

Korean FSC Orders Banks to Mandate ID Verification for Crypto Clients

All crypto exchanges in the country need to apply for a license with the FSC before September 24.

Jun 11 2021

South Korean Energy Company to Audit Companies Suspected of Mining Cryptos

A crackdown was conducted in 2018 on companies who were engaged in the illicit use of energy to mine virtual currencies.

May 28 2021

South Korea to Proceed with Crypto Tax Plans despite Calls to Delay It

The Financial Service Commission (FSC) has also been confirmed as the top government body to regulate cryptos.

May 27 2021

South Korea Sees Leveraged Crypto Trading as a Threat to Banking

The central bank governor pledged to monitor crypto-related transactions in the country.

May 26 2021

Three Major Tech Firms Are Interested in Joining South Korea’s CBDC Pilot

Digital won's pilot will be split by the Bank of Korea into two stages starting August 2021.

South Korean Regulator Says Crypto Investors Are Covered by the Revised Law

The country's top financial regulator warns that they cannot protect cryptocurrency users from volatility.

May 25 2021

Three South Korean Banks Say They Don’t Want to Work with Crypto Exchanges

One of the banking officials surveyed believes other financial holdings might have a similar stance.

May 10 2021

South Korea Deploying System to Monitor Crypto Phishing

The local authorities blocked 32 phishing websites in the last three months.

May 06 2021

South Korea Seeks Crypto Exchange Data from Banks

The regulators are trying to identify all crypto exchanges operating in the country.

Apr 26 2021

South Korean Crypto Exchange Daybit to Shutter, Cites Harsh Laws

Many local crypto operations in the country are on the verge of shutting down.

Apr 23 2021

Apr 19 2021

South Korea to Launch Crackdown on Illegal Cryptocurrency Transactions

The authorities are planning to eliminate the use of cryptocurrencies in money laundering.

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