Financial Services Commission (FSC) News

The financial watchdog published suggested rules to protect digital asset customers under the Virtual Asset User Protection Act passed earlier in 2023.  

South Korea’s new president is demonstrating his familiarity with cryptocurrency by announcing that no taxes will be levied on cryptocurrency investment profits until legislation can provide consumer protections.

From March 2021, cryptocurrency exchanges and virtual currency providers in South Korea will be barred from handling “dark” coins and assets that heighten money laundering risks, the country’s main regulator, the Financial Services Commission (FSC), in a notice on Nov 3, said.…