South Korea’s Monetary Supervisory Service (FSS) is making ready laws to complement the Digital Asset Customers Safety Act handed earlier this yr, based on native experiences. New laws must be prepared by January, effectively forward of the legislation coming into into power, the FSS head mentioned.
The South Korean Nationwide Meeting Political Affairs Committee carried out an audit of the FSS on Oct. 17, at which FSS head Lee Bok-hyeon responded to criticism that South Koreans had been dropping cash on crypto “burger cash,” Korean slang for foreign-issued cryptocurrencies which can be traded in South Korea.
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