Crypto exchanges - Regulation Asia

S. Korea to Start Taxing Cryptocurrency Gains Next Year

Any further delay will lead to "the loss of public trust in government policy and undermine stability in the legal system", said finance minister Hong Nam-ki.

October 11, 2021

262

AML / KYC

Korean VASPs Barred From Trading Native Tokens

A new conflict of interest rule bars VASPs from trading native tokens and their staff from trading virtual assets on their own platforms.

September 30, 2021

297

AML / KYC

Korea: 29 Crypto Exchanges Meet Registration Deadline

The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.

September 26, 2021

302

Feature

Korea: Deadline for Crypto Exchanges to Register Arrives

Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.

September 24, 2021

201

Asia-Pacific

Philippine SEC Warns Against Dealing with Unlicensed Entities

The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.

September 22, 2021

313

Fintech / Regtech

Korea: Nearly 70 Crypto Exchanges Set to Suspend Services

Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.

September 21, 2021

352

Feature

Korean Crypto Exchange Closures to Cost Investors $2.6b

The 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, 2021

287

AML / KYC

Three More Korean Crypto Exchanges Secure Deals with Banks

Bithumb, 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, 2021

228

AML / KYC