#FSC News

South Korean Cryptocurrency going to war swords blockchain

South Korean Blockchain Industry in Danger of Decline

September 2, 2019 by Osato Avan-Nomayo at Regulation

The blockchain industry in South Korea is reportedly facing a difficult period reports local media platform The Block Post. While the struggles of cryptocurrency exchanges in the country isn’t exactly news, it appears that other crypto-businesses are also experiencing similar problems sparking fears of a slowdown in South Korea’s digital...

South Korea Office window cryptocurrency department FSC

Bitcoin Exchanges in South Korea to come Under Direct FSC Regulatory Purview

August 8, 2019 by Osato Avan-Nomayo at Regulation

Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses. Platforms in the country have in recent times...

Taiwanese Government Amends Cryptocurrency Laws for Privacy-Focussed Transactions

November 5, 2018 by Cindy Huynh at Altcoins, Bitcoin, Finance, News, Regulation, Tech

The Taiwanese Government recently amended their anti-money laundering and Countering Finance Terrorism (AML/CFT) laws concerning cryptocurrency regulations. According to an Asia Times article published on November 5, 2018, these revisions and changes will give Taiwan’s Financial Supervisory Commission (FSC), the ability to crack down on any anonymous cryptocurrency transactions. The...

South Korea: “Kimchi Premium” Causes Digital Assets to Trade at 600 Percent Premium

August 2, 2018 by Joseph Young at Altcoins, Bitcoin, Exchange, News

Throughout this week, many tokens including 0x (ZRX), Ethos (BQX), ICON (ICX), and Aeternity (AE) have been traded in South Korea with 300 to 600 percent premium rates. As of August 1, 2018, Ethos on Bithumb, a major crypto exchange in the local market of South Korea, is being traded...