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Republic of Korea: FSC Rules on Virtual Asset Market Inspection

Progress

Current status
in consultation
19 Jul 2024 in force
07 May 2024 processing consultation
28 Mar 2024 in consultation

Scope

Implementers
Republic of Korea
Policy Area
Consumer protection
Policy Instrument
Consumer protection authority governance
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

19 Jul 2024
in force

Implemented FSC Rules on Virtual Asset Market Inspection

On 19 July 2024, the Financial Services Commission (FSC) Rules on Virtual Asset Market Inspection entered into force. The rules establish an investigation process outlining all stages, including detecting suspicious transactions, examining cases by …

Source
Event type order
Action type implementation
Government branch executive
Government body other regulatory body
07 May 2024
processing consultation

Closed consultation on FSC Rules on Virtual Asset Market Inspection

On 7 May 2024, the public consultation closed on the Financial Services Commission (FSC) Rules on Virtual Asset Market Inspection. The rules aim to establish an investigation process outlining all stages, including detecting suspicious transactions,…

Source
Event type order
Action type consultation closed
Government branch executive
Government body other regulatory body
28 Mar 2024
in consultation

Opened consultation on FSC Rules on Virtual Asset Market Inspection

On 28 March 2024, the Financial Services Commission (FSC) issued a preliminary notice for the enactment of Rules on Virtual Asset Market Inspection and opened a public comment until 7 May 2024. The rules aim to establish an investigation process out…

Source
Event type order
Action type consultation opened
Government branch executive
Government body other regulatory body