How South Korea’s New Crypto Regulations Could Change the Game

Quick Summary:

These inspections demonstrate South Korea’s readiness to enhance the existing legislation in response to the emerging trends of using digital assets in order to protect investors and to safeguard the stability of the financial system.

The inspections will cover Upbit, Bithumb, and other significant exchanges, such as Coinone.

The changes were pointed out as an extension of the obligations of VASPs by FSC which committed to uphold transparency and accountability in the development of the rapidly growing industry.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United StatesSouth Korea

Topics: Crypto Regulations News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 07:38:35 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 263 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22373328

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 18 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions