FTX Fallout Adds Urgency to Korea’s Push for Crypto Regulations: Report

Nov 16,2022
KingData News: Regulators stressed the need to have a regulatory framework in place during a meeting of South Korea’s National Assembly, given the failure of multi-billion dollar cryptocurrency exchange FTX, CoinDesk Korea reported on Monday. Korea’s government officials are currently drawing up a comprehensive regulatory framework, the Digital Asset Basic Act, expected to be finalized next year. The act will be formed from 13 crypto legislative proposals currently before the National Assembly.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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