The South Korean National Assembly's National Policy Committee held an audit of the Financial Services Committee (FSC), the country's top financial regulator, on Oct. 6.The policy committee questioned FSC Chairman Koh Seung-beom, on matters related to domestic cryptocurrency exchanges, or VASPs (vir

Korbit has become the second South Korean crypto exchange to have its registration approved by the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC).The Financial Transactions Reports Act (FTRA) requires all virtual asset service providers (VASPs) to register with the FIU.

Employees and executives at South Korean crypto exchanges can no longer purchase or trade tokens through their employers.On Sept. 28, the State Council of South Korea approved an administrative decree from the Financial Services Commission (FSC) regarding the Financial Transaction Reports Act (FTRA)

A total of 29 South Korean crypto exchanges have submitted their registration under the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC), as required by the Financial Transactions Reports Act (FTRA). The FIU registration deadline was this past Sept. 24.According to the FI

All of the Big 4 South Korean exchanges have officially submitted their virtual asset service provider (VASP) registration to the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC).]The FSC is South Korea's top financial regulator, the equivalent of the US' Securities Excha

The South Korean exchanges Bithumb, Coinone and Korbit confirmed on Sept. 8 that they have secured their bank partnerships, and will be completing their registration with financial authorities soon.Nonghyup Bank has provided documentation confirming that it would continue providing services for Bith

[Second of two-part series]In the first addition to this piece, we explored how South Korea’s largest crypto exchanges rushed to list as many token projects as possible throughout the last year to maximize their transaction volume, which meant more transaction fees. We focused on the Big 4: Upbit, B

[First of two-part series]South Korea’s crypto community is dominated by four exchanges. They’re commonly referred to as the Big 4: Upbit, Bithumb, Coinone, and Korbit.The Big 4 have seen remarkable growth throughout the past year. In January 2021 the Big 4 registered a collective transaction volume

The Financial Services Commission (FSC) has determined that, based on its consultations with the heads of various domestic cryptocurrency exchanges, most exchanges do not qualify for registration under the FSC’s Financial Intelligence Unit (FIU). The Financial Transactions Reports Act (FTRA) require