South Korea’s Financial Intelligence Unit (FIU), part of the Financial Services Commission (FSC), uncovered a staggering 500,000 to 600,000 suspected violations of Know Your Customer (KYC) requirements at Upbit, the country’s largest cryptocurrency e

Taiwan’s Financial Supervisory Commission will enact new rules in January 2025 to require VASPs to complete compliance registration.

South Korea’s top financial regulator, the Financial Services Commission (FSC), is reportedly initiating a review process to reconsider its stance on the ban on spot cryptocurrency exchange-traded funds (ETFs). This comes after forming a new cryptocu

South Korea’s Financial Services Commission (FSC) announced the creation of a Virtual Asset Committee to address the approval of spot crypto exchange-traded funds (ETFs) in the country on Oct. 10, according to local media reports. The committee will

South Korea’s Financial Services Commission plans to investigate Upbit over concerns about its market dominance and its close ties with K Bank. A local media report cited FSC chairman Kim Byoung-hwan, stating that the country’s top financial regulato

In the latest development on Thursday, South Korea’s Financial Services Commission (FSC) said that they would investigate the monopoly structure of the country’s crypto market centered around crypto exchange Upbit. This comes as a major blow to Upbit

Taiwan's FSC plans trials for crypto custody services in 2025. Cybersecurity and anti-money laundering measures are prioritized. Continue Reading:Taiwan Initiates Trials for Crypto Asset Custody Services in Local Banks The post Taiwan Initiates Trial

Regulators in Taiwan are reportedly planning a trial run of crypto custody services in local banks next year. According to a new report by the Central News Agency (CNA), a media outlet backed by the government of Singapore, Taiwan’s Financial Supervi

The FSC's recent announcement signals a complete overhaul of the existing AML framework to tighten control over VASPs.

Taiwan’s FSC will require virtual asset service providers to complete AML registration or face criminal penalties.

In an announcement on September 30, 2024, Taiwan’s Financial Supervisory Commission (FSC) greenlit foreign crypto exchange-traded funds (ETF) for professional investors. Foreign Digital Assets ETFs Approved For Professional Investors According to the

Taiwan’s FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.

Taiwan's FSC permits professional investors to access Bitcoin ETFs. Regulations focus on risk assessment and investor protection. Continue Reading:Taiwan Allows Professional Investors to Access Bitcoin ETFs The post Taiwan Allows Professional Investo