#financial-services-commission

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Coindesk
4 months ago
Cryptocurrency

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

South Korea's financial regulator, the FSC, has stated that recently-listed U.S. bitcoin ETFs may violate Korean law.
The FSC points out that domestic brokerage of a U.S.-listed bitcoin spot ETF by Korean securities firms could potentially conflict with Korean regulations.
The FSC's notice suggests that further review is pending and that SEC Chair Gary Gensler will meet his Korean counterpart this month in Washington, DC. [ more ]
Coindesk
5 months ago
Cryptocurrency

South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users

South Korea's Financial Services Commission has proposed rules to protect customers of virtual asset services providers.
The rules, under the Virtual Asset User Protection Act, will take effect on July 19, 2024 and require VASPs to monitor abnormal transactions and disclose ownership of crypto. [ more ]
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