South Korea
Digital Asset
"SuperTrust Must Register as a Virtual Asset Business Operator"... Courts Have Already Ruled Three Times
- All three injunction cases SuperTrust filed against Shinhan Bank, Suhyup Bank, and exchange operator Streami were confirmed as losses for SuperTrust.
- On October 30, the FSC requested that the Korea Communications Standards Commission block domestic access to SuperTrust and other unregistered/illegal virtual asset operators.
- SuperTrust had sought injunctions to block banks' deposit-freeze measures and to reverse an exchange's suspension of trading support, but courts rejected its claims in all instances.