• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, January 31, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

New Players Entering The Crypto Sphere: Multiple South Korean Crypto Exchanges To Be Launched in 2023

August 23, 2022
in Regulations
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Related articles

Silvergate’s ties to FTX face renewed scrutiny from senators

January 31, 2023

Economic Survey stresses common approach to crypto regulation- The New Indian Express

January 31, 2023

Regulation on crypto exchanges in South Korea has been strict. So strict that more than 60 trading platforms ended their service in 2021.

Still, a handful of big players are looking to enter the space in 2023 with the goal of receiving licensure by the end of 2022.

What happened: The two most notable companies aiming to launch their platforms are Mirae Asset Securities and Samsung Securities. The move comes as newly elected president Yoon Seok-yeol eases regulation. According to South Korea’s NewsPim, the Financial Services Commission (FSC) plans to promote the enactment of the “Virtual Currency (Cryptocurrency) Business Rights Act.” This has been something the Financial Investment Association and the securities industry have been requesting.

“The FSC plans to revise the relevant laws and push forward with the Digital Assets Framework Act so that they can be managed in one regulated framework divided into security-type tokens and non-security-type tokens,” the publication stated. “At the same time, it said that it would examine whether domestic virtual assets are securities.”

Why It’s Important: Regulation is one of the largest issues facing crypto. While many investors want proper regulation so it can bring in institutional investors, over-regulation largely goes against the ethos of crypto in the first place. South Korean policy could set a precedent for the rest of the world.

Also, the fight for crypto exchange dominance is far from over. Despite an early lead from platforms like Coinbase, FTX and Binance, if a company like Samsung has a direct link with new users and is able to penetrate the market, the exchange landscape could begin to look very different.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Cronos (CRO) Falls Drastically From Its Immediate Resistance!

Next Post

NFT Wizards is a Community that Provides Education, Support, and Tools to help NFT Enthusiasts Successfully Trade

Related Posts

Silvergate’s ties to FTX face renewed scrutiny from senators

January 31, 2023

Several U.S. senators are seeking new details from Silvergate Capital about its knowledge of FTX’s wrongdoing, according to a Jan....

Economic Survey stresses common approach to crypto regulation- The New Indian Express

January 31, 2023

Express News Service BENGALURU: For the first time, cryptocurrency found its way into the Economic Survey, as it highlighted the...

CFTC Needs More Dialogue With Market Participants to Modernize Regulation

January 31, 2023

“That culture is not solely part of what’s happening in the subsidiary but it's often influenced by what’s happening in...

Stablecoins face uncertain future in Hong Kong as new regulation reveals…

January 31, 2023

The Hong Kong Monetary Authority has concluded its discussion paper on crypto-assets and stablecoins. The regulator has clarified that Hong...

CFTC Commissioner on Crypto Regulation; Analysts Expect Fed Decision to Trigger ‘Healthy Pullback’ in Bitcoin | First Mover Video

January 31, 2023

Emily Parker is CoinDesk's executive director of global content. Previously, Emily was a member of the Policy Planning staff at...

Load More
Next Post

NFT Wizards is a Community that Provides Education, Support, and Tools to help NFT Enthusiasts Successfully Trade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Biden Admin Roadmap Cryptocurrency Risks – Bitcoin Magazine

January 27, 2023

APE/USD Trades Near $5.0 Resistance

January 11, 2023

Shiba Inu Whale Moves $38M Worth of SHIB

January 27, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
  • Silvergate’s ties to FTX face renewed scrutiny from senators
  • Trevor Jones Takes EthBoy London’s Oxford Street

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,039.001.47%
  • ethereumEthereum(ETH)$1,581.131.16%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.04%
  • usd-coinUSD Coin(USDC)$0.99-1.08%
  • binancecoinBNB(BNB)$310.521.76%
  • rippleXRP(XRP)$0.4062373.29%
  • binance-usdBinance USD(BUSD)$1.00-0.24%
  • cardanoCardano(ADA)$0.3872894.39%
  • dogecoinDogecoin(DOGE)$0.0952999.68%
  • matic-networkPolygon(MATIC)$1.102.40%
  • okbOKB(OKB)$37.301.21%
  • solanaSolana(SOL)$23.930.83%
  • staked-etherLido Staked Ether(STETH)$1,574.351.16%
  • polkadotPolkadot(DOT)$6.231.09%
  • shiba-inuShiba Inu(SHIB)$0.0000122.46%
  • litecoinLitecoin(LTC)$93.243.24%
  • avalanche-2Avalanche(AVAX)$19.791.30%
  • tronTRON(TRX)$0.061845-0.45%
  • daiDai(DAI)$1.00-0.24%
  • uniswapUniswap(UNI)$6.551.65%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,915.001.12%
  • cosmosCosmos Hub(ATOM)$13.291.92%
  • chainlinkChainlink(LINK)$6.910.73%
  • ToncoinToncoin(TON)$2.260.37%
  • leo-tokenLEO Token(LEO)$3.52-1.88%
  • moneroMonero(XMR)$175.970.14%
  • ethereum-classicEthereum Classic(ETC)$21.541.55%
  • AptosAptos(APT)$16.87-1.43%
  • bitcoin-cashBitcoin Cash(BCH)$131.841.79%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0902690.61%
  • apecoinApeCoin(APE)$5.810.91%
  • quant-networkQuant(QNT)$141.070.77%
  • crypto-com-chainCronos(CRO)$0.0788601.95%
  • nearNEAR Protocol(NEAR)$2.321.60%
  • filecoinFilecoin(FIL)$5.192.73%
  • lido-daoLido DAO(LDO)$2.186.75%
  • algorandAlgorand(ALGO)$0.2407650.79%
  • vechainVeChain(VET)$0.0230340.53%
  • internet-computerInternet Computer(ICP)$5.862.21%
  • hedera-hashgraphHedera(HBAR)$0.0642801.43%
  • fantomFantom(FTM)$0.5413.87%
  • decentralandDecentraland(MANA)$0.74-0.19%
  • axie-infinityAxie Infinity(AXS)$10.770.63%
  • aaveAave(AAVE)$82.301.95%
  • eosEOS(EOS)$1.061.35%
  • the-sandboxThe Sandbox(SAND)$0.721.07%
  • flowFlow(FLOW)$1.057.73%
  • elrond-erd-2MultiversX(EGLD)$42.782.29%