{"id":11054,"date":"2024-02-05T13:05:53","date_gmt":"2024-02-05T13:05:53","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11054"},"modified":"2024-02-05T13:05:53","modified_gmt":"2024-02-05T13:05:53","slug":"new-regulation-for-crypto-from-south-korea","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/","title":{"rendered":"New Regulation for Crypto from South Korea!"},"content":{"rendered":"

The Financial Services Commission (FSC) of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies. The FSC aims to improve problematic areas in the current legal framework and establish greater oversight in the crypto sector.<\/p>\n

\n

You might like:\u00a0When Will US Interest Rate Cuts Come According to Jerome Powell?<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n

If the proposed amendments are passed into law, new executives at crypto companies in South Korea will not be able to assume their positions without obtaining approval from the FSC. According to Money Today, the amendments could come into effect by the end of March.<\/p>\n

The proposed regulations also grant the FSC the authority to suspend the license registration of a crypto company under investigation. Last week, Binance announced plans to reduce its stake in South Korean exchange Gopax, which was seen as a response to the FSC’s concerns.<\/p>\n

The FSC is seeking public feedback on the proposed amendments until March 4th. South Korea’s move towards stricter regulations and oversight policies in the crypto sector highlights efforts to increase control over the industry.<\/p>\n

\n
\n
\n

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Services Commission (FSC) of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies. The FSC aims to improve problematic areas in the current legal framework and establish greater oversight in the crypto sector. You might like:\u00a0When Will US Interest Rate Cuts Come According to<\/p>\n","protected":false},"author":1,"featured_media":11055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,2285,1559,4022,1999],"class_list":["post-11054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-exchange","tag-fsc","tag-gopax","tag-south-korea"],"yoast_head":"\nNew Regulation for Crypto from South Korea! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"FSC of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Regulation for Crypto from South Korea! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"FSC of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-05T13:05:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"422\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/\",\"name\":\"New Regulation for Crypto from South Korea! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg\",\"datePublished\":\"2024-02-05T13:05:53+00:00\",\"dateModified\":\"2024-02-05T13:05:53+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"FSC of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg\",\"width\":750,\"height\":422,\"caption\":\"South Korea\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Regulation for Crypto from South Korea!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Regulation for Crypto from South Korea! - Coin Engineer","description":"FSC of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/","og_locale":"en_US","og_type":"article","og_title":"New Regulation for Crypto from South Korea! - Coin Engineer","og_description":"FSC of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies.","og_url":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/","og_site_name":"Coin Engineer","article_published_time":"2024-02-05T13:05:53+00:00","og_image":[{"width":750,"height":422,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/","url":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/","name":"New Regulation for Crypto from South Korea! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg","datePublished":"2024-02-05T13:05:53+00:00","dateModified":"2024-02-05T13:05:53+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"FSC of South Korea has proposed amendments that will require regulatory approval before executives can be appointed at crypto companies.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/South-Korea.jpg","width":750,"height":422,"caption":"South Korea"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/new-regulation-for-crypto-from-south-korea\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"New Regulation for Crypto from South Korea!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/11054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=11054"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/11054\/revisions"}],"predecessor-version":[{"id":11056,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/11054\/revisions\/11056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/11055"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=11054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=11054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=11054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}