Tag: FSC

source: globallegalinsights.com

South Korea’s Financial Authorities to Permit Unrestricted Crypto Trading from June 2025

Starting in June 2025, South Korea's financial authorities will permit non-profit organizations and cryptocurrency exchanges to engage in unrestricted cryptocurrency trading. This regulatory update aims to enhance transparency and promote growth in the nation's digital asset sector. The Financial Services Commission (FSC) announced that registered non-profit entities and licensed exchanges ...

source: thecryptobasic.com

South Korea’s FSC Nears Decision on Sanctions Against Upbit Over Identity Verification Failures

South Korea’s Financial Services Commission (FSC) is preparing to announce its decision on potential sanctions against Upbit, the country’s largest cryptocurrency exchange, following extensive customer identity verification regulations violations. According to The Korea Times, an investigation into Upbit’s business license renewal uncovered over 700,000 instances of non-compliance with key anti-money ...

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