South Korea Financial Services Commission (FSC)

South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy

<div class=”featured_image_container”> </div> <strong>A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity.</strong> Altcoins Trading Volume Outperformed Bitcoin Last Weekend in South …

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South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes

<div class=”featured_image_container”> </div> <strong>South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax.</strong> The Democratic Party’s Expectations …

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South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

<div class=”featured_image_container”> </div> <strong>The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions.</strong> Remittances to Exploit Kimchi Premium Could Be Flagged as …

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South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’

<div class=”featured_image_container”> </div> <strong>Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed.</strong> Government Seeks International Help to Monitor International Crypto Exchanges According to Chosun, the …

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Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading

Cryptocurrency Indexes Are Set to Launch in 2021 by S&P Dow Jones Indices S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the digital asset industry. More than 550 of the top traded coins to be … read …

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South Korea To Ban Crypto Exchanges From Handling Privacy Coins

The Many Facts Pointing to John Nash Being Satoshi Nakamoto Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John Forbes Nash Jr. was Satoshi Nakamoto. There’s a bunch of circumstantial evidence that has invoked some research into the possibility … read more. Southeast Asia’s …

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