Search the news
Found 3 articles
tagged #fiu — page 1 of 1
South Korea Proposes Bill Granting FIU Direct Power Over Crypto Exchanges
South Korean lawmakers have introduced a significant amendment to the Act on Reporting and Using Specified Financial Transaction Information to tighten oversight of the domestic digital asset market. Proposed on August …
South Korea Abolishes Mandatory Reporting for Large Crypto Transfers
The South Korean Financial Intelligence Unit (FIU) has announced a significant shift in its regulatory framework by abolishing the mandatory reporting requirement for virtual asset transfers exceeding 10 million Korean …
Bithumb Faces Record Fines as FIU Sets Sanctions Meeting for March 16
The South Korean Financial Intelligence Unit (FIU) is scheduled to convene a sanctions review meeting on March 16 to determine the regulatory consequences for Bithumb, one of the nation’s largest digital asset exchanges…