South Korea approves crypto bill to protect investors, goes into effect in one year

South Korea approved a bill to protect cryptocurrency investors as part of building the country’s first legal framework devoted to digital assets.

• 2023-07-01
• South Korea Bank of Korea digital assets cryptocurrency National Assembly crypto legislation

South Korea will require all public officials to disclose crypto holdings from 2024

South Korean lawmakers unanimously approved a new bill requiring public officials to disclose their crypto holdings to be implemented in December.

• 2023-05-25
• public officials Bank of Korea Chosun-Ilbo

Bank of Korea and financial regulator in turf war over who supervises crypto industry

Bank of Korea, the central bank, seems uncomfortable with the Financial Services Commission, the country’s regulator, having the mandate over the cryptocurrency industry. The bank is pushing for more say, arguing crypto can influence the stability of the overall financial market and that involves the central bank.

• 2023-05-15
• South Korea financial authorities Bank of Korea central bank cryptocurrency crypto regulations volatile industry financial stability

South Korea’s cryptocurrency bill gets nod in first phase of review, may pass this year

South Korea’s legislation on how to regulate digital assets passed the first phase of review in the country’s National Assembly on Tuesday.

• 2023-04-26
• South Korea National Assembly Bank of Korea digital assets central bank central bank digital currency digital currencies Financial Services Commission The bill