ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.
June 29, 2022The FSC says thirteen relevant bills on digital asset investor protection are currently pending at the National Assembly.
May 26, 2022More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.
May 18, 2022The new government will establish a regulatory framework for ICOs and introduce rules to guard investors against hacks, system errors and unauthorised transactions.
May 11, 2022Shanghai's High Court said property rights protections apply to Bitcoin because it has a certain economic value and has the attributes of property.
May 10, 2022President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.
May 5, 2022China’s internet finance, banking and securities associations have outlined six measures to curb "NFT financialisation and securitisation" and prevent NFT-related illegal activity.
April 18, 2022Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.
March 2, 2022The PBOC's Sun Tianqi has warned domestic securities firms against using their offshore units to facilitate cross-border securities trading.
February 14, 2022As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.
February 7, 2022