All by tag: Korea

South Korea’s National Assembly has frozen the adoption of a stablecoin law. The disagreements concern the role of fintech companies and the Bank of Korea

The prosecutor’s office has requested a sentence of three years in prison for her

The Financial Services Commission has ordered exchanges to temporarily freeze crypto lending due to a lack of regulation

Officials cited the Financial Services Commission’s 2017 rules

According to FinCEN, the platform committed over 9 million violations of AML regulations

The companies will be able to receive a 50% income tax rebate

The attackers released an unlimited number of Replicandy, Peplicator, Hedz, and Zogz NFT game projects

The initiative is designed to stem the glut of dollar stablecoins

Regulators also allow for the imminent legalization of won-based stablecoins

The document aims to increase transparency and encourage competition in the crypto sector

In this way, the central bank seeks to reduce risks to financial stability and the effectiveness of monetary policy

Hong Joon-pyo also intends to integrate blockchain technology into the state government