Financial Services Commission

South Korea's taxation body revealed that this year, individuals and firms disclosed foreign cryptocurrency assets amounting to 130.8 trillion won ($98.5 billion). This comes after South Korea mandated the declaration of foreign crypto assets, The Block reported. Incorporating this into the...

South Korea's National Assembly has given the green light to the Virtual Asset User Protection Act, marking a significant stride towards establishing a legal structure for virtual assets. The legislation is set to come into force next year. The act, an amalgamation of 19 proposals put forth by...

South Korea has given the green light to landmark legislation dedicated to digital assets, aiming to reinforce protection for investors. This comes in the wake of the dramatic collapse of cryptocurrencies developed by South Korean Do Kwon, which played a role in a global $2 trillion cryptocurrency...