News list for "fss"
According to Korean media News1, the Financial Supervisory Service (FSS) of South Korea released its 2025 annual work plan on February 10, announcing that it will introduce self-regulatory norms for crypto asset information disclosure this year. The move is aimed at minimizing the regulatory gap while the second phase of legislation has not yet been completed. The Financial Supervisory Service said that in addition to formulating self-regulatory norms for information disclosure, it will also int...
South Korea's Financial Services Supervisory Authority (FSS) plans to implement new measures aimed at preventing wild price swings of cryptocurrencies after they are listed on exchanges. The decision was made after observing significant price swings for the Movement (MOVE) token, which went live in December. South Korea's Financial Services Supervisory Authority (FSS), in collaboration with crypto exchanges, the Digital Asset Exchange Alliance (DAXA), and outside experts, has set up a special pr...
Lee Bok-hyun, chairperson of South Korea's Financial Supervisory Service (FSS), said at a meeting with cryptocurrency industry leaders: "We will closely monitor sudden fluctuations in the price of newly launched tokens or unconfirmed rumors...
South Korea's financial watchdog, the Financial Supervisory Service (FSS), will begin inspecting virtual asset exchanges for any suspicious or illegal transactions. According to local news media quoting the regulator, the FSS will impose severe penalties on illegal activities found during the inspection to maintain market order and, if necessary, advocate for amending regulations to address systemic deficiencies. During the inspection, the regulator will look for suspicious transactions and ensu...
The Financial Supervisory Service (FSS) of South Korea has announced that it will conduct its first inspection of virtual asset service providers, the first action since the implementation of the Virtual Asset User Protection Act in July. The FSS plans to inspect 6 institutions, including 2 won market exchanges, 3 token market exchanges, and 1 wallet/custody service provider. It is worth noting that major Korean companies such as Upbit, Bithumb, Coinone, Gopax, and Korbit...
South Korea's Financial Supervisory Service (FSS) urgently called five virtual asset exchanges, including Upbit and Bithumb, to discuss deposit utilization rates. The move stems from the recent intensification of inter-exchange rate competition, especially after Bithumb once raised the annualized interest rate to 4.0%. The FSS stressed that utilization rates should be calculated reasonably, and asked exchanges to report in detail on deposit operation and rate calculation methods.
South Korea's Financial Supervisory Service (FSS) has announced the launch of a new monitoring system aimed at strengthening the supervision of cryptocurrency exchanges and preventing fraudulent transactions. According to the latest announcement, local exchanges will establish a continuous monitoring system to regularly report abnormal transactions to ensure that their legal obligations are met. The move will be implemented on July 19 in conjunction with the first regulatory framework for the pr...
