Tag: South Korea

source: x.com

South Korea Fines Worldcoin $830,000 over Data Violations

South Korea's Personal Information Protection Commission (PIPC) has imposed a fine of 1.1 billion Korean won ($830,000) on Worldcoin and its developer, Tools For Humanity, over alleged personal data collection and transfer violations. According to the regulators, the Worldcoin Foundation failed to properly inform individuals about their scanned iris data's ...

South Korea Ramps Up Oversight on Crypto Exchanges with New Monitoring System

South Korea Ramps Up Oversight on Crypto Exchanges with New Monitoring System

South Korean financial regulators are intensifying their scrutiny of domestic cryptocurrency exchanges to combat questionable trading practices. The Financial Supervisory Commission (FSC), South Korea's top financial regulator, is developing a comprehensive system to monitor suspicious cryptocurrency trading activities, as reported by Bloomberg. The FSC has now mandated that local exchanges ...

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