According to ChainCatcher, Chairman Kim Byung-hwan of the Financial Services Commission of South Korea stated that they will review the monopoly of the virtual asset market centered around Upbit. During the National Assembly's government inspection, Kim Byung-hwan responded to inquiries from members of parliament regarding Upbit's monopolistic structure, stating that a comprehensive review will be conducted through the Virtual Asset Committee.The members of parliament also questioned the partnership between Upbit and K Bank, stating that Upbit's deposits account for 20% of K Bank's total deposits, which could lead to a run on the bank.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Chairman of the Financial Services Commission of South Korea: Will review the monopoly of the virtual asset market centered on Upbit
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
Solana Inflation Reform Effort Fails on Dramatic Final Voting Day
Solana's high inflation status quo will remain –– for now.
-
AI's Lead Over Crypto for VC Dollars Increased in Q1'25, But Does This Race Really Matter?
Despite the crypto 'Trump bump' at the end of 2024, deal flow still favors Artificial Intelligence. But is there a new preference for AI over crypto?
-
Coindesk ·
Trump-backed World Liberty Financial (WLFI) Completes $590M Token Sale
On-chain data shows that the project has raised nearly $590 million between two pre-sales.
-
Why Strategy's Preferred Stock, STRK, Is Defying MSTR's Downturn
STRK has risen 3% since its February launch, while MSTR has dropped over 20%.
-
Coindesk ·
Trump Family Held Talks to Buy Stake in Binance.US: WSJ
The talks began after Binance reached out to Trump allies last year to strike a deal for the exchange's return to the U.S, according to report.
-
BlackRock's BUIDL Fund Tops $1B with Ethena's $200M Allocation
BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it's increasingly used as collateral on trading platforms.
-
U.S. Senate Takes First Big Step to Advance Stablecoin Bill
The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.
-
Bitcoin Crumbles Below $80K as Crypto Sell-Off Goes From Bad to Worse
The price action came as the Nasdaq and S&P 500 stock indexes fell sharply early Monday as Trump failed to quell worries about a recession.
-
Ripple Bags Dubai License to Offer Crypto Payments in UAE
Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.
-
THORChain at crossroads: Decentralization clashes with illicit activity
Can DeFi protocols remain neutral when faced with massive criminal exploitation, or must they evolve to avoid regulatory crackdowns?
Daily Must-Read
-
U.S. Senate Takes First Big Step to Advance Stablecoin Bill
-
THORChain at crossroads: Decentralization clashes with illicit activity
-
Crypto Rally Doesn't Hold After Soft Inflation Data
-
Here’s what happened in crypto today
-
THORChain at crossroads: Decentralization clashes with illicit activity
-
YouTuber says SEC will recommend dropping lawsuit over 2018 token ICO
All Comments