South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said.
South Korea Prepares to Regulate Crypto Industry
The South Korean National Assembly’s National Policy Committee is currently deliberating on four cryptocurrency-related bills for the regulation of crypto businesses and protection of investors, Business Korea reported Wednesday.
The country’s top financial regulator, the Financial Services Commission (FSC), is also preparing to regulate the crypto industry. Chairman Eun Sung-soo reportedly said Tuesday:
We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms.
The chairman also confirmed that banks providing real-name accounts for cryptocurrency exchanges will not be held fully accountable in the event of
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