News list for " Supervisory Service"
According to Korean media News1, the Financial Supervisory Service (FSS) of South Korea released its 2025 annual work plan on February 10, announcing that it will introduce self-regulatory norms for crypto asset information disclosure this year. The move is aimed at minimizing the regulatory gap while the second phase of legislation has not yet been completed. The Financial Supervisory Service said that in addition to formulating self-regulatory norms for information disclosure, it will also int...
On October 23rd, a survey by the Korea Financial Supervisory Service revealed that in the past seven years from January 2018 to August 2024, nearly 35% of the virtual assets listed on the top five cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, and Gopax) have been removed from the shelves. Since the rise of cryptocurrency trading in 2018, the five exchanges have listed a total of 1,482 cryptocurrencies, of which 517 cryptocurrencies have been removed from the shelves. ...
On October 17, the head of the South Korean Financial Supervisory Service, Lee Bok-hyun, said in an audit of the National Assembly Political Committee on the 17th that "we are investigating the issue of AVAIL coins traded on Bithumb". Avail soared to 3,500 won in 15 minutes after going live at 263 won on July 23, but fell to 296 won less than a day later, raising suspicions of price manipulation. In response, Min Byoung-dug, a lawmaker from the Democratic Party of Korea, said, "This AVAIL token ...
