Korean FSC chief candidate does not see cryptocurrencies as financial assets
Cryptocurrencies are not considered financial assets by Seung-beom Koh, a candidate for chairman of the FSC. He also said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset.” Fintech specialists from significant organizations such as the G20, the International Monetary Fund, and others “find it difficult to […]
South Korea shuts down 11 crypto exchanges
South Korea‘s Financial watchdog has reportedly shut down eleven cryptocurrency exchanges for their involvement in illegal activities. According to The Korea Herald on Sunday, the Financial Services Commission (FSC) , South Korea’s top financial regulator, has ordered the closure of 11 local cryptocurrency exchanges due to their involvement in illegal activities. Darlbit and Bitsonic are […]