ChainCatcher news, according to a report by Jinshi citing the Korean News Agency, South Korean regulators stated that they are ready to deploy a 100 trillion won stock market stabilization fund at any time.

ChainCatcher news, according to the Korea Economic Daily, South Korean financial regulators will strengthen their monitoring of the market, particularly focusing on stocks related to Donald Trump and the increasing volatility in the cryptocurrency sector. This decision was made following the recent election results in the United States and the latest Federal Open Market Committee (FOMC) statement from the Federal Reserve. At a meeting on November 8, the Financial Supervisory Service (FSS) Commissioner Lee Bok-hyun emphasized that strict measures should be taken against market manipulation and the spreading of unfounded rumors if there is evidence to support it.

ChainCatcher news, according to Money Today, the Financial Services Commission (FSC) of South Korea is actively promoting legal amendments to strictly review the major shareholders and governance of cryptocurrency exchanges. Currently, under existing laws including the "Virtual Asset User Protection Act," the FSC lacks the statutory authority to review shareholders. In a parliamentary audit, FSC Chairman Kim Byoung-hwan stated that an amendment to the "Act on Reporting and Using Specific Financial Transaction Information" has been submitted to provide a legal basis for the FSC to assess the qualifications of major shareholders.

ChainCatcher news, according to Cointelegraph, after the recent approval of the spot Ethereum ETF Form 19B-4 by the US SEC, South Korean regulators are facing increasing pressure to approve cryptocurrency ETFs.According to local media reports, the US SEC's decision regarding Ethereum is expected to put pressure on South Korean financial regulators, forcing them to reconsider their stance on digital assets.Unlike the United States, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) in South Korea have taken a cautious approach to introducing cryptocurrency trading in the traditional securities market.According to FSC regulations, ETFs must strictly comply with the Capital Markets Act, which stipulates that ETFs must only be linked to traditional underlying assets. These assets include mature financial instruments, securities, international currencies, and commodities, which provide the basis for financial derivatives.According to Korea Times, Seoul-based digital currency data provider Xangle publicly opposes the ban on digital assets in the traditional securities market, stating that it is "outdated" and needs to be revised to accommodate the increasingly important role of digital assets in modern finance.Jung Eui-jung, head of the Korean Stockholders' Alliance, also emphasized the importance of Seoul following the US and approving Bitcoin and Ethereum ETFs. Jung warned that if South Korean regulators continue to make no progress while the US makes advancements, investors may shift their funds to the US market, stating that "it will only be a matter of time before the US fully opens the door to other smaller-volume cryptocurrencies."

ChainCatcher news, according to news1, the Personal Information Protection Commission of Korea is investigating Sam Altman's blockchain project Worldcoin. Worldcoin has expressed welcome to the investigation by Korean regulators. This is the first time Worldcoin has stated its position regarding the investigation by Korean regulators.Previously, it was reported that the Personal Information Protection Commission of Korea is investigating whether Worldcoin's method of collecting iris information is compliant.

ChainCatcher news, South Korea's top financial regulator, the Financial Services Commission (FSC), today proposed amendments to its Credit Finance Act, aimed at prohibiting domestic citizens from using credit cards to purchase cryptocurrencies on overseas trading platforms.In response, the FSC stated that this decision is driven by concerns over illegal outflow of domestic funds, money laundering, and encouraging speculative behavior.

ChainCatcher news, according to South Korean media News1, the Financial Intelligence Unit (FIU) of South Korea recently faced its first administrative lawsuit. The lawsuit was filed by the virtual asset business operator Delio, opposing the 1.896 billion won fine imposed by the FIU for violating obligations related to the Specific Financial Information Act. The FIU previously stated that Delio was penalized with a 3-month business suspension and a fine of 1.896 billion won for failing to conduct anti-money laundering (AML) risk assessments before offering new financial products.Delio argues that the 41 types of virtual asset deposit and loan products it offers are not "financial products" in the traditional sense, and therefore should not be subject to the legal provisions. In addition, Delio also contested the additional fine of 180 million won imposed for failing to prevent transactions with unreported virtual asset business operators.

ChainCatcher news, the Financial Services Commission (FSC) of South Korea has issued a notice emphasizing that by July 2024, digital asset investors must earn interest when depositing funds into exchanges. Furthermore, the guidelines clearly state that non-fungible tokens (NFTs) and central bank digital currencies (CBDCs) are not subject to this law.Additionally, according to local media reports, the Financial Services Commission of South Korea plans to release such legislative guidelines on December 10. Although NFTs are excluded, the regulatory body also pointed out that there may be exceptions. According to reports, even if tokens are classified as NFTs, if their function is as a means of payment and they are issued in large quantities, they may fall under the classification of virtual assets. In such cases, these assets may qualify for interest when deposited into exchanges.In addition to classifying virtual assets, South Korean regulators have also established methods for handling user deposits by virtual asset operators. The notice emphasizes that exchanges must separate user deposits from their own assets and must entrust them to banks. Additionally, 80% of the funds must be kept in cold wallets.

According to ChainCatcher news, a financial regulatory official stated in a phone interview with South Korean media News1 that as cryptocurrency staking services have been scrutinized overseas, domestic trading platforms' staking services will also undergo a comprehensive review. However, he did not disclose the timeline for the investigation. (Source link)

链捕手消息，据韩联社报道，韩国金融监管服务局（FSS）副局长在“大额境外汇款相关银行检查进展”通报会上表示，“已经确认大部分汇款交易都是从韩国境内虚拟资产交易平台转出的资金，经过贸易公司账户以支付进口款的名义汇给海外公司。” FSS 已与包括友利和新韩在内的两家银行确定的境外汇款交易总额为 4.1 万亿韩元（约合 33.7 亿美元），高于这些银行向金融监督院报告的 2.5 万亿韩元。涉及大额境外汇款的企业也从最初报告的 8 家增加到 22 家。 FSS 计划在未来采取进一步行动，根据银行的自查结果以及未来的进一步调查，将异常境外汇款公司通知检方和韩国海关总署。（韩联社）

链捕手消息，韩国金融服务委员会（FSC）旗下金融情报部门（FIU）12月23日公布42家虚拟资产提供商申报审查结果，共4家韩元/加密货币交易所、20家币/币交易所以及5家加密资产托管机构通过审查。 4家韩元交易所包括Upbit、Korbit、Coinone和Bithumb；20家币/币交易所（不可直接使用韩元购买加密货币）中，有火币韩国（Huobi Korea）、Flybit、GDAC、OKBit、Coinncoin、Aprobit等通过申报审查；5家通过审查的托管机构为KODA、KDAC、Hexlant、MyKeepin Wallet和Hyperism。 今年7月，FSC根据当地新通过的《特定金融信息法》，通知境外虚拟资产运营商在 9 月 24 日之前向FSC下属的金融情报部门（FIU）申报，报告事项包括：是否在韩国提供服务、是否对韩国人进行营销/促销以及是否以韩元进行交易或支付等。限期未申报的运营商自 9 月 25 日起将被禁止为韩国人提供服务。 FIU表示，将从2022年起对上述通过审查的经营者进行现场检查和定期监督，并每半年对其经营状况进行调查。（韩国金融服务委员会）

链捕手消息，据路透社报道，韩国监管机构已在国内禁止使用 NFT 应用的游戏，并表示这些新服务可能会助长青少年的赌博风气。目前，该类游戏只能在海外访问。对此，韩国游戏评级和管理部门的一位官员表示：“我们禁止的并不是区块链技术，而是可以与实物资产挂钩的非功能性 NFT 的应用”。（来源链接）

链捕手消息，韩国金融情报机构（FIU）负责人Kim Jeong-gak在接受Maeil Kyungjae采访时表示，韩国正在关注金融行动特别工作组（FATF）即将提出的关于NFT和DeFi未来发展的建议，力争与国际接轨。他表示，“我们将与相关部委一起讨论如何监管这两个领域，并将进一步落实到（修订）金融法上。” Kim 同时也发出警告，发展在前，监管也会紧跟其后。FIU 计划“按照与银行相同的严格标准管理和监督虚拟货币交易”，监管机构需要更多关注加密资产业务运营商。（来源链接）