Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.
May 18, 2022Korean companies categorised as "large businesses" are placed under close monitoring and must disclose information on major intracompany dealings, board decisions and shareholders.
April 22, 2022The proportion of staff dedicated to AML compliance at Korea's crypto exchanges stands at around 8 percent.
March 5, 2022In all, 29 VASPs have been approved out of a total 42 that filed for registration by the 24 September deadline. Decisions on five entities are still pending.
December 24, 2021The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.
September 26, 2021Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.
September 24, 2021Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.
September 21, 2021The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.
September 17, 2021Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.
September 13, 2021Bithumb, Coinone and Korbit have established a joint venture that will be used to develop systems to meet the travel rule requirement by March 2022.
September 2, 2021