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Category FSS

The Bank of Korea to initiate ‘Hangang’ CBDC pilot with 100,000 citizens next month

The Bank of Korea to initiate ‘Hangang’ CBDC pilot with 100,000 citizens next month

The Bank of Korea has announced that it will hold trials for its central bank digital currency (CBDC) project from April to June. The bank said the...
Mar, 18, 2025
3 min read
by CryptoPolitan
Upbit, Bithumb to pay largest-ever South Korean compensation for system failures during martial law

Upbit, Bithumb to pay largest-ever South Korean compensation for system failures during martial law

Upbit and Bithumb have agreed to compensate their users with $2.5 million. The exchanges agreed to the compensation because of technical failures d...
Jan, 22, 2025
3 min read
by CryptoPolitan
South Korea to inspect crypto exchanges for suspicious activity

South Korea to inspect crypto exchanges for suspicious activity

South Korea’s financial regulator, the Financial Supervisory Service (FSS), announced plans to crack down on cryptocurrency exchanges across the co...
Sep, 04, 2024
2 min read
by CryptoPolitan
South Korea’s New Crypto Investor Protection Law Goes Into Effect

South Korea’s New Crypto Investor Protection Law Goes Into Effect

This Friday, the first South Korean crypto regulatory framework has gone into effect after the one-year preparation period. The new law requires fi...
Jul, 20, 2024
3 min read
by Bitcoinist
South Korea Launches Continuous Monitoring for Crypto Transactions

South Korea Launches Continuous Monitoring for Crypto Transactions

South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency trans...
Jul, 08, 2024
by Bitcoin News