The bear market in cryptocurrencies and regulatory aftermath are leading to the closure of many small and medium-sized exchanges in Korea that only trade in cryptocurrencies. As of November 19, ...
Starting next month, the Virtual Asset User Protection Act will mandate quarterly reviews of over 600 crypto stocks on exchanges. Problematic stocks may be designated as tradable or delisted. From ...
The Financial Supervisory Service (FSS) is considering supervision fees for virtual asset operators ahead of the Virtual Asset User Protection Act (VAWA) implementation next month. The FSS argues this fee ...
The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) announced the need for guidelines and procedures for closing down Virtual Asset Service Providers (VASPs) to protect users’ assets. This ...
In alignment with the Act on the Protection of Users of Virtual Assets implemented in July, the Financial Services Commission’s Virtual Asset Division will operate with eight staff members until ...
Terraform Labs and its co-founder Do-Hyung Kwon have reached a preliminary agreement on disgorgement and penalties related to the collapse of the cryptocurrency Terra-Luna. According to the U.S. District Court ...
