Republic of Korea: FSC Rules on Virtual Asset Market Inspection
Progress
Scope
Timeline of events
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 …
SourceLaunched Monitoring System for Suspicious Virtual Asset Transactions
On 4 July 2024, the Korean Financial Supervisory Service (FSS) launched the "Constant Monitoring System for Abnormal Transactions" for virtual assets. The monitoring system will be applied by the FSS for the implementation of the Virtual Asset User …
SourceClosed 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,…
SourceOpened 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…
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