News with the tag "South korea crypto news"

In an attempt to strengthen regulatory oversight, South Korea has launched a crackdown on unregistered overseas crypto exchanges operating in the country. The country’s Financial Intelligence Unit (FIU) has identified multiple platforms illegally functioning in the country. Reportedly, crypto exchan...

In a major update from South Korea, the Financial Services Commission (FSC) has expressed its desire to approve corporate investments in crypto assets. This marks a significant move for the crypto market, especially in South Korea where agencies are also contemplating strengthening the collaboration...

In the last 24 hours, South Korean residents have witnessed a rollercoaster with the country’s President, Yoon Suk Yeol, announcing the military rule or Martial law before lifting it again within a few hours. The East Asian country with a population of just 51.7M people has had a rough history and i...

Upbit, the leading South Korean crypto exchange, is under investigation for KYC violations during its license renewal process. The Financial Intelligence Unit (FIU) discovered over 500,000 cases of improper customer verification. The violations have raised concerns about money laundering risks. The ...

Crypto scams have surrounded the industry, where scamming incidents have grown exponentially. The most recent news from South Korea uncovered a new type of investment scam. Not crypto hacks or thefts, the swindlers are now targeting people with high-yield investment scams. With that, they have alleg...