Korean Government Creates Dedicated Division to Oversee Crypto Transactions
regulation

Korean Government Creates Dedicated Division to Oversee Crypto Transactions

THELOGICALINDIAN - South Koreas top banking regulator the Banking Services Commission FSC is establishing a committed analysis to baby-sit cryptocurrency transactions

South Korea Increasing Efforts to Regulate Crypto Industry

South Korea’s Banking Services Commission (FSC), the country’s top banking regulator, appear Thursday an authoritative change “to advice advance accuracy in basic asset transactions.” The advertisement states:

This angle “is advised to advance accuracy in basic asset affairs as the revised Act on Reporting and Using Specified Financial Transaction Information went into aftereffect in March this year,” the apprehension adds.

Noting that “The aldermanic change is accepted to be accomplished and become able in September,” the FSC added wrote:

What do you anticipate about the FSC establishing a committed analysis to baby-sit crypto transactions? Let us apperceive in the comments area below.

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