When working with Financial Services Commission, the government agency that supervises financial markets, drafts licensing rules, and enforces compliance for both crypto and traditional assets. Also known as FSC, it shapes the legal framework that traders, exchanges, and service providers must follow. Financial Services Commission is the keyword that ties all the pieces together.
One of the core tasks of the cryptocurrency regulation, the set of rules governing digital asset issuance, trading, and custody is to define who can operate a crypto business and under what conditions. This regulation influences licensing requirements, reporting standards, and consumer protection measures. As a result, firms seeking to launch a token, run a DeFi platform, or host a trading venue must align with the FSC's guidelines.
Getting a VASP license, the Virtual Asset Service Provider permit that authorizes crypto‑related activities such as exchange, custody, and payment services is a practical step for many startups. The license process typically asks for detailed business plans, AML/KYC procedures, and proof of capital adequacy. Once granted, a VASP can legally interact with customers, open bank accounts, and access mainstream financial infrastructure.
Another critical piece is crypto exchange licensing, the approval that allows platforms to list, trade, and settle digital assets for users. Licensing bodies evaluate security protocols, order‑book transparency, and fee structures before giving the green light. A well‑licensed exchange gains trust, reduces the risk of regulatory shutdowns, and can attract institutional liquidity.
Regional oversight bodies often collaborate with the FSC to harmonize standards. For example, Bappebti, Indonesia's former crypto‑asset regulator, set licensing criteria that later migrated to the OJK framework in 2025. This shift shows how regulatory ecosystems evolve, and why staying updated on cross‑border rules matters for global traders.
These entities interact in clear ways: Financial Services Commission oversees cryptocurrency regulation, which in turn dictates the need for a VASP license and crypto exchange licensing. The licensing outcomes affect market liquidity, investor confidence, and the ability of projects like Flourishing AI or Midnight Evergreen to list tokens legally.
When you grasp how the FSC, VASP permits, and exchange approvals fit together, you can better assess risk, choose compliant partners, and avoid costly shutdowns. Below you’ll find a collection of articles that break down these topics in depth—from detailed exchange reviews to country‑specific licensing guides and the latest regulatory news.
Ready to dive into the specifics? The posts that follow will give you actionable insights, step‑by‑step checklists, and real‑world examples of how the Financial Services Commission and related bodies shape the crypto landscape today.
Upbit, South Korea's top crypto exchange, faced a $34billion penalty threat for massive KYC failures, sparking a regulatory wave that reshapes compliance worldwide.
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