Articles tagged with "Financial Supervisory Service"
South Korea is widening its scam-refund system to include eligible crypto losses from voice-phishing, a pragmatic move that recognizes how fast fraud can move from a phone call to an irreversible blockchain transfer. The catch: this is a narrow fix, not a blanket payout for every crypto blunder.
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South Korea’s FSS has launched sanctions proceedings against Dunamu after Upbit’s wallet breach, but the case is exposing a bigger problem: the law is still fuzzy on how to punish hacks and system failures. Upbit says users will be reimbursed, but regulators clearly want more than apologies and corporate cleanup.
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South Korea Crypto Crackdown: Regulators Target Coinbase, MicroStrategy ETFs South Korea’s financial watchdog has thrown a wrench into the crypto investment game, with the Financial Supervisory Service (FSS) issuing verbal guidance to fund managers to slash exposure to crypto-related stocks like Coinbase and MicroStrategy (now Strategy) in exchange-traded funds (ETFs). This hardline stance, echoing a […]
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