Tag: FSC

South Korea's Mirae Asset Group has agreed to acquire a 92% stake in cryptocurrency exchange Korbit for $93 million, placing one of the country's largest financial institutions at the center ...

South Korea's stablecoin regulatory framework has been delayed until 2026 as the Bank of Korea and Financial Services Commission clash over who should be allowed to issue the digital assets. ...

South Korea is moving to impose bank-level liability standards on crypto exchanges following a $30.1 million hack at Upbit last month, shifting toward treating major platforms with the same regulatory ...

South Korea's ruling and opposition parties agreed to fast-track legislation requiring banks to control at least 51% of any stablecoin issuance consortium, targeting passage by January 2026 after months of ...

South Korea FSC has taken a bold regulatory leap by implementing stringent Know Your Customer (KYC) measures for cryptocurrency exchanges and non-profit organizations starting in June. The move marks a ...