THELOGICALINDIAN - At an anniversary all-embracing appointment for regulators in Seoul the South Korean Financial Supervisory Service apprenticed regulators from 14 added countries to actualize an all-embracing conduct arrangement for cryptocurrency and antecedent bread offerings The Korean government additionally categorical its accepted crypto countermeasures and pushed for bigger advice administration and all-embracing cooperation
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
International Discipline System
The 20th Integrated Financial Supervisors Conference (IFSC) took abode on September 6-7 in Seoul. The governor of the country’s Financial Supervisory Service (FSS), Yoon Suk-heun, apprenticed assembly from all countries accessory the accident to accordingly acknowledge to cryptocurrency risks.
The accident was abounding by admiral from 14 countries, including the UK, Japan, Germany, Canada, Australia, and Singapore. The regulators met to allotment and altercate all-around authoritative issues, including those accompanying to cryptocurrencies.
According to the Korea Times, Yoon said:
Citing that crypto and ICO activities are agitated out beyond borders, Yoon emphasized that “it would be bigger to actualize an all-embracing conduct system” rather than anniversary country responding individually, Hankook Ilbo reported.
Countermeasures Discussed
Yoon proceeded to explain South Korea’s accepted countermeasures for new banking casework including cryptocurrency, ICOs, and fintech, Etnews reported. They accommodate a “supervision adjustment for able centralized ascendancy and acquiescence of banking companies, the administration of banking customer aegis arrangement and banking admittance policy, [and the] able anti-money bed-making arrangement and how to accomplish it.”
The governor believes that the “internal ascendancy of banking companies is a way to cautiously administer chump assets and advance complete management.” In addition, he hopes that “the akin of advice administration and all-embracing cooperation would be added strengthened,” the advertisement conveyed, adding:
What do you anticipate of South Korea advancement 14 countries to abet on crypto countermeasures? Let us apperceive in the comments area below.
Images address of Shutterstock and the Korea Times.
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