Crypto exchanges have until 24 September to partner with banks on real-name accounts as a requirement for a business licence from the FSC.
May 28, 2021The 'Special Financial Information Law' authorises Korean financial regulators to oversee the crypto industry and develop AML rules in line with the FATF recommendations.
March 11, 2020South Korean crypto exchange CoinOne has been ordered to repay a client after a hacker who stole his login information was able to withdraw 25mn won over the withdrawal limit.
October 7, 2019Only 7 of 21 crypto exchanges in South Korea passed the government's security audit; the rest are "vulnerable to hacking attacks at all times."
January 14, 2019Framework proposed by Korean Blockchain Association proposes includes $1.8mn minimum equity capital, five year storage of transaction records , ethical charter to prevent insider trading.
April 19, 2018Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.
April 12, 2018