South Korean regulator outlines steps to boost digital asset laws

South Korea’s Monetary Supervisory Service (FSS) is getting ready laws to complement the Digital Asset Customers Safety Act handed earlier this yr, in accordance with native experiences. New laws needs to be prepared by January, properly forward of the legislation coming into into power, the FSS head stated.

The South Korean Nationwide Meeting Political Affairs Committee performed an audit of the FSS on Oct. 17, at which FSS head Lee Bok-hyeon responded to criticism that South Koreans have been dropping cash on crypto “burger cash,” Korean slang for foreign-issued cryptocurrencies which can be traded in South Korea.

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