Financial Services Commission

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South Korea launches a full Bithumb probe after a massive $43 billion Bitcoin transfer error at the crypto exchange.
Blockchain News

Bithumb Probe: South Korea Launches Full Investigation After Staggering $43B Bitcoin Error

February 10, 2026 j n

Seoul, South Korea – April 2025: South Korea’s top financial regulator has escalated its scrutiny of cryptocurrency exchange Bithumb into a formal, full-scale investigation. This decisive action follows the revelation of a catastrophic operational error that mistakenly distributed Bitcoin valued at approximately $43 billion to users. The Bithumb probe now represents one of the most […]

South Korea's National Assembly debates FSC crypto exchange stake limit regulation.
Blockchain News

South Korea’s Crypto Regulation Showdown: Ruling Party Fiercely Opposes FSC’s Exchange Stake Limit

January 29, 2026 j n

Seoul, South Korea: A significant political clash over cryptocurrency regulation is unfolding in South Korea, as the nation’s ruling party publicly opposes a key legislative proposal from its top financial regulator. The Financial Services Commission’s (FSC) push to impose a stake limit on major shareholders of digital asset exchanges has met fierce resistance from the […]

South Korea's FSC proposes a new crypto exchange licensing system to replace the current registration model for enhanced oversight.
Blockchain News

Crypto Exchange Licensing: South Korea’s FSC Proposes Pivotal Regulatory Shift

January 28, 2026 j n

Seoul, South Korea, January 28, 2025: In a move signaling a significant evolution in its digital asset framework, South Korea’s top financial regulator has proposed a fundamental change to how cryptocurrency exchanges operate. Lee Eok-won, Chairman of the Financial Services Commission (FSC), has formally suggested transitioning the nation’s crypto trading platforms from a registration-based system […]

South Korea's National Assembly with digital finance overlay representing the delayed stablecoin bill and crypto regulations.
Blockchain News

South Korea’s Stablecoin Bill Stalls as Ruling Party Fails to Reach Critical Consensus

January 28, 2026 j n

Seoul, South Korea – January 29, 2025: In a significant setback for the nation’s digital asset regulatory framework, South Korea’s ruling Democratic Party has failed to reach an internal consensus on the pivotal stablecoin provisions within its planned Digital Asset Basic Act. The party’s digital asset task force announced the deadlock on January 28, revealing […]