Firms providing "spot trade of any virtual assets for money" such as physical shops and ATMs would have to be licensed by the Commissioner of Customs and Excise.
The FSS released a roadmap to facilitate implementation of the new law, which will allow illegal activity to be punished with life.
The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.
Chainalysis crypto crime report attributes last year's surge in ransomware attacks to heightened intensity and sophistication by diverse actors.
This is the first multi-currency digital bond offering in the world, and the first digitally native bond issuance in Hong Kong.
The proposals are based on the Basel standards, applying a 1,250% risk weight to so-called Group 2b cryptoassets.
Three executives of crypto platform Haru Invest were arrested for failing to return KRW 1.1 trillion worth of crypto to investors.
Crypto firms would have to submit "change reports" to KoFIU and secure its approval to replace or appoint a new representative or executive officer.
Han Chang-joon faces fraud charges in Korea over the collapse of the Terra/Luna crypto ecosystem in May 2022.
The PCPD raided six premises of the Worldcoin project in Hong Kong, saying the city’s privacy law may have been breached.
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