2023.11.17
South Korea's FSS Pioneers World's First Virtual Asset Bureau to Combat Market Manipulation
The Financial Supervisory Service is establishing a Digital Asset Bureau to oversee and investigate virtual assets, including probing market manipulation. This new bureau aims to inspect major exchanges and operators, ensuring fair practices. Discussions involve potentially placing it under strategic supervision or a consumer protection agency. The Financial Services Commission is also considering a specialized organization for virtual assets within the Innovation Bureau. This signals a significant regulatory shift in South Korea's approach to virtual assets, aiming for stricter oversight and fair market practices.
Visit our official English blog to read more about "South Korea's FSS Pioneers World's First Virtual Asset Bureau to Combat Market Manipulation"
