Category: South Korea Financial Services Commission (FSC)

South Korean Banking Association Concerned Over Surge Of The Altcoin Trading Frenzy

A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested…

South Korean Government Seeks To Regulate International Remittances Related To Crypto ‘Kimchi Premium’

The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that…

South Korean Government Announces Crackdown On Illicit Crypto-Related Transactions In An ‘Overheated Market’

Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians…