Tag "Financial Services Commission (FSC)"

S. Korea Tightens Grip on Crypto Firms as Renewal of Regulatory Approvals Loom

The Korea Financial Intelligence Unit (KoFIU) announced plans to ramp up the scrutiny of cryptocurrency exchanges operating within the country. Starting this year, exchanges that do not meet stringent regulatory standards will face expulsion from the market, according to The

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South Korea’s Regulator FSC Excludes NFTs and CBDCs from Crypto Interest Earnings

South Korea’s financial regulator, the Financial Services Commission (FSC), has announced that from July 2024, individuals investing in digital assets will earn interest on their deposits at crypto exchanges. However, this will not apply to non-fungible tokens (NFTs) and central

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South Korea Regulators to Expand Open Banking Ecosystem

South Korea’s Financial Services Commission (FSC) has unveiled its work plan for 2021, outlining key areas of focus and policy tasks for the year, including promoting financial innovation by advancing open banking development and adoption, the regulator said on January

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