South Korea Rolls Out Interagency Investigation Unit to Tackle Crypto Crime

South Korea is ramping up fight against crypto crime with the launch of multi-agency virtual asset crime investigation unit.

• 2023-07-26
• South Korea Joint Investigation Centre for Crypto Crimes market participants crime investigation National Tax Service criminal cases Financial Supervisory Service Prosecutors Korea Customs Service criminal activities

South Korea’s major crypto lender Delio warns its operations in peril amid lawsuit

Delio halted interest payments for all users on Monday, after announcing difficulties in providing services as usual.

• 2023-07-24
• South Korea Southern District Seoul Southern District Prosecutor’s Office Delio

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

South Korea, Singapore, Thailand clarify crypto rules as U.S. in state of regulatory ‘warfare’

While some Asia nations, such as Singapore and Thailand, seem to be following the U.S. Securities and Exchange Commission (SEC) in frowning upon certain products offered by exchanges, the approach in Asia so far seems to be clarity instead of court battles, in contrast with North America

• 2023-07-09
• South Korea U.S. Securities and Exchange Commission digital assets Singapore cryptocurrency exchanges John Cahill Congress John Rizzo cryptocurrency crypto rules financial technology

South Korea Passes Crypto Bill for User Protection

The bill marks the country's first step towards a digital asset legal framework.

• 2023-07-03
• South Korea National Assembly digital assets

South Korea Passes Cryptocurrency Bill Tackling Unfair Trading

South Korea has passed a new crypto bill called the Virtual Asset User Protection legislation, which is designed to regulate unfair trade practices and protect crypto investors.

• 2023-07-03
• South Korea Virtual Asset Service Providers unfair trade practices unfair trade crypto bill Cryptocurrency

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 Passes Inaugural Standalone Crypto Bill After Spate of Scandals

(Bloomberg) -- South Korea approved its first standalone digital-asset bill to boost investor protection just over a year after the implosion of tokens created by countryman Do Kwon exacerbated a $2 trillion crypto-market rout.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencySwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina’s Economic Woes Are Multiplying — a

• 2023-06-30
• South Korea Bloomberg digital assets market manipulation investor protection Korea Blockchain Enterprise Promotion Association Do Kwon

South Korea raids firms Upbit, Bithumb, Kakao over local lawmaker’s crypto scandal

South Korean prosecutors have raided Upbit, Bithumb and the crypto wallet unit of Kakao, as part of their investigation into lawmaker Kim Nam-kuk.

• 2023-05-16
• South Korea South Korean prosecutors crypto wallet Financial Intelligence Unit local news campaign finance violations