South Korea to Mandate Firms Issue Crypto Disclosures in Financial Statements

The country's financial regulator has slated the new crypto guidelines, which mandate a range of new information for disclosure, for January.

• 2023-07-12
• South Korea Financial Services Commission disclosures

South Korea mandates new accounting rules for domestic crypto sector

South Korea’s FSC is requiring companies that issue or own cryptocurrencies to provide detailed crypto disclosures from 2024.

• 2023-07-12
• South Korea Financial Services Commission South Korean authorities Korea Accounting Standards Board financial regulator crypto tokens

Bank of Korea Edges Closer to Being Able to Investigate Crypto Firms: Report

Korean regulators said they worry it will signal "virtual asset markets and businesses are treated the same as financial markets and institutions."

• 2023-04-28
• Bank of Korea Financial Services Commission BOK Herald Business South Korea digital asset Virtual Asset central bank government’s Political Affairs Committee

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

South Korea financial regulator to clamp down on voice phishing involving cryptocurrencies

South Korea will expand the existing law on voice phishing to include crypto related phone scams.

• 2023-03-02
• South Korea voice phishing Financial Services Commission financial regulator Local authorities