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Mirela Ciobanu from The Paypers examines key cross-border payment trends for 2024 and beyond, highlighting a focus on innovation, security, and regulatory compliance.
cross-border payments, central bank, SWIFT, blockchain, digital assets, stablecoin
The government of South Korea has decided to update its Virtual Asset Users Protection Act to protect investors from market crimes.
cryptocurrency, regulation, financial crime, digital assets
South Korea has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.
cryptocurrency, digital assets, CBDC, banks
South Korea-based bank Hana has started to collaborate with BitGo to offer digital asset custody services from the latter half of 2024.
digital assets, blockchain, banking, regulation
Cryptocurrency exchange Binance has confirmed that it will no longer pursue licencing in Germany due to recent regulatory constraints.
cryptocurrency, cryptocurrency exchange, regulation, expansion
Cryptocurrency exchange Binance has revealed its plans to launch a full suite of services on its new platform in Japan.
cryptocurrency, cryptocurrency exchange, expansion, product launch
Singapore-based cryptocurrency exchange Crypto.com has become registered as a Virtual Asset Service Provider in Spain.
regulation, cryptocurrency exchange, cryptocurrency, central bank, expansion
The Bank of Korea has received investigative powers over digital currency service providers and has gained access to their transaction data.
regulation, compliance, digital assets, cryptocurrency, transactions , central bank
Financial authorities of South Korea have announced the launch of a task force service aimed to enhance banks’ business practices and overall management.
product launch, online banking, digital banking, financial services, financial institutions
ACI Worldwide, a real-time payments software, has announced the expansion of the global reach of its solutions.
expansion, real-time payments, central bank, banks, fintech
The financial regulator of South Korea, Financial Supervisory Service (FSS) has announced it is reviewing the Apple Pay service launch clause submitted by Hyundai Card.
product launch, digital wallet, digital payments, mobile payments, NFC, online payments, e-wallet
Singapore-based company Crypto.com has become the first international cryptocurrency platform to become officially regulated in Canada.
cryptocurrency, regulation, Bitcoin, cryptocurrency exchange
The Financial Services Commission (FSC) has announced that South Korea’s anti-money laundering safeguards for cryptocurrency businesses will come into effect on 25 March 2021.
cryptocurrency, cryptocurrency exchange, money laundering, AML, virtual asset, regulation
The South Korean Financial Services Commission has announced it will be extending a ban on short-selling after the GameStop share price pump.
South Korea, short-selling, GameStop, trading, retail investors, stock trading, anti-short, Celltrion
South Korea’s Financial Services Commission (FSC) has unveiled its work plan for 2021, outlining key areas of focus, including expanding the Open Banking ecosystem.
South Korea, regulations, FSC, Open Banking, contactless payments, Savings Banks, credit card, fintech, MyData, MyPayment
South Korea, digital assets, taxes, crypto trading, private sector, cryptocurrency, earnings, virtual currencies, electronic certificates, digital certificates, financial assets, capital gains, Financial Services Commission, financial regulator
South Korea has announced it is launching 10-bank pilot of Open Banking system, according to Regulation Asia.
South Korea, Open Banking, banks, innovation, regulation, fintech
The South Korean Government has announced that it will officially adopt an open banking system in December 2019.
South Korea, Open Banking, The South Korea Financial Services Commission, Korea Financial Telecommunications and Clearings Institute, and Financial Security Institute, fintech, Asia, APAC, Open Banking
The South Korean government is considering revising the regulatory framework on cryptocurrencies, according to local media outlet ZDNet Korea.
ICO, South Korea, cryptocurrency, Bitcoin, regulations, regulatory framework
Each card company requires Korean cardholder to go through a proprietary payer authentication process, which is similar to Visa 3D Secure
Jason Lee, South Korea, search engines, Payment Service Provider, online payments, ecommerce, onine security