South Korean financial authorities have taken action against alleged unfair cryptocurrency trading practices under the country’s investor protection regime.On Jan. 16, South Korea’s Financial Services Commission (FSC) reported the first case of unfai

Upbit, one of the largest cryptocurrency exchanges in South Korea, has reportedly received a suspension notice for alleged Know Your Customer (KYC) violations.The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC)

South Korean regulators took a cautious approach toward allowing corporate accounts for cryptocurrency trading, postponing any decision for further discussion.On Jan. 15, South Korea’s Financial Services Commission (FSC) held the second Virtual Asset

South Korea has officially begun discussions to develop the second part of its crypto regulatory framework and aims to draft the legislation within the second half of this year, local news outlets reported.The country’s Financial Services Commission

Posting this ICYMI:South Korea's Financial Services Commission (FSC) is reportedly preparing to ease restrictions on institutional cryptocurrency trading.According to Yonhap news agency, the plan seeks to gradually allow institutional investors to op

Happy Wednesday! In today's newsletter, bitcoin and ether prices drop amid macro fears, South Korea plans to lift its institutional crypto trading ban, Movement Labs is reportedly closing in on $100 million in Series B funding and more.Meanwhile, out

South Korean regulators are moving forward with plans to approve cryptocurrency investment by institutional investors, according to local media reports.The South Korean Financial Services Commission (FSC) has announced plans to gradually roll out cor

South Korea is planning to lift its de facto ban on local institutions trading cryptocurrencies, Yonhap news agency reported on Wednesday, citing the Financial Services Commission (FSC).The FSC, the country's top financial regulator, reportedly said

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.