Crypto Firms In South Korea Raise Concerns Over AML Crackdown: Report
South Korean courts have been stepping in to block a wave of regulatory sanctions against the country’s biggest crypto exchanges — and now the industry is taking its fight to the rulemaking process itself. Related Reading: Bitcoin Prints Biggest Monthly Win In A Year Amid Renewed Market Optimism Industry Body Warns Of Reporting Overload The […]
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South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing.
Ruling Party of South Korea to Collect Crypto Funds for Presidential Bid
The Democratic Party of Korea, the country’s leading political force, is going to raise election funds through cryptocurrency and issue receipts to donors in the form of....
South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week. Several South Korean financial authorities are planning to join forces to combat illegal operations involving cryptocurrencies like Bitcoin (BTC).The interagency crackdown comes in response to growing concerns over speculative investments and potentially illegal activities amid the ongoing boom in crypto markets, Koo Yun-cheol, head of the Office for Government Policy Coordination, said Monday.“There is a need to pay special attention to the occurrence of illegal activities....
South Korea’s Financial Services Commission (FSC) has shared its intention to move forward with the proposed cap on crypto exchange ownership despite concerns from industry players and the ruling Democratic Party of Korea (DPK). Related Reading: Russian Lawmakers Advance Bill For Crypto Seizures In New Regulatory Push FSC Backs Ownership Cap For Crypto Exchanges On […]
South Korea’s tax authority is spending roughly $2 million to build an artificial intelligence system that hunts down unreported cryptocurrency income — even as lawmakers push to eliminate the very tax that system would help enforce. Related Reading: Crypto Crackdown Intensifies: Canada Revokes 47 Licenses A Bill To Kill The Crypto Tax The People Power […]