What Does South Korea New Crypto Ban Mean

Last Updated on March 6, 2024 by Paganoto

South Korea to remove ban on ICO; new crypto regulations …

According to the commission, the prohibition was prompted by crypto's high volatility and speculation, and illegal activity within the country. The legal body had also prohibited all sorts of virtual currency fundraising. Its principal goal in enacting the ban was managing and monitoring virtual currencies.

South Korea Has Banned the Sale of All New Cryptocurrencies

Today, South Korea announced a ban on initial coin offerings (ICO), the method through which many cryptocurrency startups raise funds.

South Korea bans all new cryptocurrency sales – CNBC

South Korea’s financial regulator on Friday said it will ban raising money through virtual currencies; The move follows similar restrictions …

South Korea to Block Foreign Crypto Exchanges Lacking Permit

South Korea plans to block domestic access to foreign cryptocurrency exchanges that lack the proper registration to operate in the country …

South Korea moves to ban cross trading for crypto exchanges

South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency.

South Korea crypto exchanges will shut down en masse next …

The majority of South Korea’s cryptocurrency exchanges will likely shut down by next Friday, as operators race to meet stringent new rules …

South Korea Tightens Regulations on Cryptocurrencies

In March, South Korea passed new legislation to strengthen the supervision of virtual assets. The new law, however, has resulted in pushback …

South Korea to ban cryptocurrency traders from … – Reuters

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely …

S. Korea's Crypto Rules Might Only Help the 'Big 4' Exchanges

While the Korean government doesn’t seem bent on banning crypto, it is certainly intent on regulating it. The effect may be monopolization by …

South Korea Looks to Ban Crypto Exchange Employees From …

The Korea Financial Services Commission (FSC) will impose a fine of 100 million won (around US$89,844) on exchange employees caught trading on …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.