FSC Schedules Hearing on Crypto, Digital Assets
The Financial Services Committee (FSC) of the United States has scheduled a hearing on crypto and digital assets to discuss and clarify critical issues in the ecosystem. The House Financial Services Committee chairman, Patrick McHenry, announced a full committee hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for the Digital Asset […]
South Korean FSC provides criteria for security tokens
South Korean Financial Services Commission (FSC) has published guidelines that outline which categories of digital assets fit the descriptions for security tokens under the country’s Capital Markets Act. The Financial Services Commission (FSC) said in a news release that digital assets that meet the criteria outlined in the nation’s Capital Markets Act would be considered […]
SBF to testify before US Financial Services Committee remotely
FTX’s former CEO Sam Bankman-Fried (SBF) says he will testify before the US Financial Services Committee virtually after previously missing the deadline to confirm his appearance before the committee. Sam Bankman-Fried continued his “apology tour” by joining Unusual Whales on Twitter, where he informed the approximately 60,000 viewers that he will be appearing before the […]
South Korean lawmakers plan to toughen crypto fraud penalties
South Korean lawmakers plan to tighten crypto regulations and toughen the penalties for unethical commercial practices in the sector with a focus on protecting investors in virtual assets, such as digital currencies. Local media reports that the South Korean Financial Services Commission (FSC) and the National Assembly are working to pass a bill that would […]
South Korean regulator proposes rigorous new rules for token issuers
The FSC of South Korea wants to create a system that recovers fraudulently obtained funds, punishes criminals, and protects investors from future misdeeds. The Financial Services Commission (FSC) of South Korea has released a paper laying out its new definition of cryptocurrencies, as well as proposed procedures for token issuers and penalties for non-compliance. Individuals […]