South Korea’s Financial Services Commission (FSC) has sparked significant industry pushback after proposing a cap on the stakes held by major shareholders in cryptocurrency exchanges. The move has drawn sharp criticism from the Digital Asset Exchange Alliance (DAXA), which represents the nation’s five largest trading platforms. A Threat to Ownership and Innovation The proposed regulations … Read more
South Korea is accelerating its push to formalize the cryptocurrency market through the upcoming “Digital Assets Second Stage Act.” Announced as a cornerstone of the government’s 2026 Economic Growth Strategy, this legislative phase focuses on bringing stablecoins and spot ETFs into the regulated financial mainstream. Key Pillars of the New Legislation The Financial Services Commission … Read more
Representative Min Byoung-dug of the Democratic Party of Korea has issued a sharp warning to the government, stating that a lack of stablecoin legislation is no longer just a regulatory gap—it is a threat to the nation’s monetary independence. Speaking at the eighth Global Business Forum in Seoul, Min urged officials to fast-track a legal … Read more
The prominent crypto venture capital firm Andreessen Horowitz (a16z) Crypto has officially announced the opening of its first Asia-based office in Seoul, South Korea. This expansion is driven by the firm’s goal to support its portfolio companies by tapping into Asia’s highly active cryptocurrency user base. Focus on Asia’s Crypto Market A16z Crypto managing partner … Read more
South Korea’s Financial Services Commission (FSC) is strengthening its cryptocurrency regulations to combat money laundering, a move that is expected to impact market liquidity and international crypto interactions. On November 28th, FSC Chairman Lee Eok-won announced the expansion of the “travel rule,” also known as the “cryptocurrency real-name system,” during the Anti-Money Laundering Day ceremony. … Read more
South Korea’s financial watchdog, the Financial Intelligence Unit (FIU), is intensifying its efforts to enforce anti-money laundering (AML) compliance in the country’s growing crypto market. The FIU is preparing to issue a fresh round of institutional and individual sanctions, along with substantial fines, against major domestic virtual asset exchanges that failed to meet their AML … Read more