Search results for Digital Assets Basic Act
Finance
Governance reform, digital assets legislation in focus as financial agenda may accelerate after election
South Korea\'s financial sector is turning its attention to regulators and parliament after the June 3 local elections, with a range of delayed policy issues expected to return to the agenda in the second half. These include governance reforms at financial holding firms, possible restrictions on jeonse loans for non-resident single-home owners, a no-fault compensation scheme for voice phishing victims, the Digital Assets Basic Act and revisions to the Microfinance Act.
Crypto
Bithumb posts 163.5 billion won operating profit in 2025, second straight year in the black
Bithumb said in a regulatory filing on Monday that it posted annual revenue of 651.3 billion won and operating profit of 163.5 billion won in its 2025 business report. Revenue rose 31.2 percent and operating profit gained 22.3 percent from a year earlier, extending profitability for a second straight year after 2024. Net profit fell 51.8 percent to 78.0 billion won from 161.9 billion won.
Crypto
Ruling, opposition lawmakers step up pressure on FSC over delay in government\'s digital assets bill
Lawmakers from both the ruling and opposition parties jointly pressed South Korea\'s Financial Services Commission on March 31 over delays in the government\'s digital assets bill. They urged moving ahead with parliamentary talks rather than waiting. Debate has focused on post-ownership limits for major shareholders of digital asset exchanges. The government and ruling party are considering a 20 percent cap, with exceptions up to 34 percent, while opposition spans parties.