Digital Asset Exchange Alliance

Cryptocurrency

Korean Regulators Inspect Monitoring Systems for Crypto Market

By Manesh Samtani | 23/08/2024

Inspections found that Korea’s big-five crypto exchanges have established dedicated teams and systems to detect and respond to abnormal trading activities.

Cryptocurrency

New Virtual Asset Law Takes Effect in South Korea

By Manesh Samtani | 19/07/2024

The FSC expects the law to establish a foundation to provide safe protection for users and sound order in the virtual asset market.

Cryptocurrency

FSS Korea Hosts First Industry Workshop on New Crypto Law

By Manesh Samtani | 11/06/2024

The workshop, and future workshops, are intended to ensure the “smooth implementation” of the Virtual Asset User Protection Act in July.

Fraud, Scams & Cybercrime

FSS Korea to Restructure Virtual Asset Fraud Reporting Centre

By Manesh Samtani | 30/01/2024

Users can report unfair trades, not just frauds and scams. Reporting process, investigation support and coordination to also improve.

Tokenisation

Mirae Asset, SK Telecom to Collaborate on Security Token Business

By Editors | 01/04/2023

Mirae Asset Securities and SK Telecom formed a consortium to collaborate on creating a business ecosystem for security tokens.

Tokenisation

FSS Korea to Prepare Industry Guidance on Security Tokens

By Editors | 15/02/2023

The FSS has formed a task force to support the industry in making determinations on whether virtual assets are securities.

Anti-Money Laundering

Korean Crypto Firms Face AML Inspections, Disclosure Rules

By Sanday Chongo Kabange | 06/02/2023

The inspections will prioritise high-volume crypto businesses with high money laundering risks. The disclosure system will cover issuance, listing and circulation.