Korea’s top financial regulator to accelerate new crypto legislation

Aug 11,2022
KingData News: A task force comprising private-sector experts and relevant ministries will “expedite the review process of bills on virtual assets,” said chairman of South Korea’s Financial Services Commission (FSC) Kim Joo-hyun at Thursday’s National Assembly meeting. Kim said the upcoming crypto legislation will take a “balanced” approach towards the development of blockchain technology, investor protection and market stability, according to local media reports.“Considering the characteristics of virtual assets which are decentralization, anonymity, and transnationality, [the FSC] will communicate internationally and match global regulatory consistency,” said Kim.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
30,917Follow
47,089

Recommend

More