The big five banks were asked to prepare KRW 1 trillion of financing as potential support for MG Community Credit Cooperative.
July 12, 2023Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.
November 14, 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, 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, 2021The new division will oversee the adoption and implementation of the FATF recommendations on digital assets and VASPs.
August 17, 2021Nine designated fintech firms will be allowed to provide services to customers for up to two years, testing their services as agents of partnering financial institutions.
September 21, 2018New York State Department of Financial Services to conduct inspections at South Korean bank branches for compliance with AML regulations.
May 23, 2018Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.
April 12, 2018