Financial Services Commission
Coverage of Financial Services Commission in the Nexus archive.
- South Korea plans stablecoin rules as opposition pushes crypto tax repeal
South Korea's Financial Services Commission (FSC) plans a government-backed digital asset bill to regulate stablecoins and exchanges. Opposition lawmakers are pushing to repeal a 22% cryptocurrency tax scheduled to take effect in 2027.
- South Korea probed 40 cases of crypto manipulation over 2 years
South Korea investigated 40 cases of cryptocurrency manipulation over a two-year period. Financial Services Commission Chair Lee Eog-won disclosed these figures on the second anniversary of the Virtual Asset User Protection Act.
- South Korea adds token securities to capital market overhaul
South Korea’s Financial Services Commission has integrated token securities infrastructure into a broader capital-market modernization plan. The overhaul includes initiatives for faster settlement, extended trading hours, and digital transformation.
- South Korea reviews Hana Bank’s Dunamu stake under banking rules: Report
South Korea's Financial Services Commission is reviewing Hana Bank's $668 million stake in Dunamu under banking rules. The review is based on 'banking-commerce separation' rules that limit bank ownership tied to crypto firms. Hana Bank's stake is valued at $668 million.
- South Korean court grants stay on Bithumb’s six-month suspension pending final ruling: reports
South Korea's court has granted a stay on the six-month suspension of cryptocurrency exchange Bithumb, pending a final ruling. The financial watchdog had imposed the suspension and a 36.8 billion won ($25 million) fine in March.