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South Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment

South Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment
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FSC OKs Apple Pay to be available in Korea

Apple Pay is expected to be launched in Korea soon, as the financial authorities have finally given the green light to its mobile payment service to be made available in the country. The Financial Services Commission (FSC), the country s top financial regulator, announced Friday it has finished reviewing related local laws, concluding that local credit card companies can officially adopt Apple Pay for use here. ....

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