South Korea Lifts Ban on Corporate Participation in Crypto Asset Trading
Exchanges will now be allowed to convert digital assets earned as fees into fiat currency, with regulatory safeguards in place to prevent market manipulation.
KOFIA Chairman Pushes for Crypto ETFs, Citing Strong Interest from South Korea’s Older Generation
Seo Yoo-seok emphasizes the need for Bitcoin and Ethereum ETFs in South Korea to cater to the older generation, ensuring peaceful investment.
South Korea Ramps Up Virtual Asset and Stablecoins Legislation: FSC Chairman
By Bena Ilyas
The FSC intends to develop a regulatory framework for stablecoins and expedite the next phase of virtual asset legislation, which includes regulating the issuance and listing of virtual assets.
South Korea Sets 2025 Deadline for Comprehensive Crypto Regulation Framework
The news comes on the heels of a recent meeting that was held by the country’s Financial Services Commission (FSC) on Wednesday.
South Korea to Lift Ban on Institutional Crypto Trading
In its bid to reposition itself as a crypto hub, South Korea is looking at easing policies to accommodate institutional buyers.
Taiwan’s New Crypto AML Rules Take Effect November 30
By Bena Ilyas
Taiwan’s new AML rules mandate VASPs to complete comprehensive compliance registration with severe penalties for non-compliance.
Taiwan to Roll Out Stricter Crypto Rules in January 2025 to Boost Industry Oversight
Taiwan is not alone in the efforts it is taking towards crypto regulation. There is a global trend of countries paying more attention to their crypto industry.
South Korea Considers Lifting Ban on Spot Crypto ETFs
The discussion around lifting the ban on spot crypto ETFs opens up a broader conversation about market dynamics and competition within South Korea’s digital asset space.
Taiwan Local Banks to Custody BTC, ETH, and DOGE in 2025
Three private banks in Taiwan have expressed interest in offering crypto custodial services, with the initiative expected to begin in the first quarter of 2025.
Taiwan’s FSC Implements Strict AML Rules for Crypto Firms by 2025
By Bena Ilyas
The new rules will take effect on January 1, 2025, giving VASPs until September to register. Local reports confirm that companies not meeting these standards will face harsh penalties.
Taiwan Opens Doors for Investors in Foreign Virtual Asset ETFs
The ETF market already boasts of several products including Bitcoin, Ethereum, and Solana which was recently approved by Brazilian regulators.
South Korea Now Requires Crypto Exchanges to Have Insurance
Apart from safeguarding user funds, the legislation mandates that exchanges implement real-time monitoring systems to detect and report any suspicious trading activities that could be illegal.
South Korean Crypto Exchanges Now Required to Pay Supervisory Fees under New Law
Crypto exchanges such as Upbit, Coinone, GOPAX, and Bithumb could pay up to $220,000 or less, depending on their operational revenue.
Taiwan Set to Test CBDC by Year-End, Says Official
By Bena Ilyas
Although an official CBDC pilot or issuance date remains unconfirmed, there are indications of a possible trial run later this year.
Taiwan Takes Aim at Crypto Regulation by Forming Self-Regulating Association
The association aims to shape the future of the crypto industry through self-governance.