Bank of korea

Bank of Korea: who has to supervise crypto?

15 May 2023


Bank of Korea and the Financial Services Commission are contending the cryptocurrency industry: who has to superintend it?

Bank of Korea in fact is ready to prepare regulations for digital assets which comprehend also crypto trading.

The Financial Services Commission, on the other hand, want to regulate itself local crypto markets and industry despite the South Korea’s bank pretend to be the only government. 

On 25th April, during a conference, FSC vice president said that Central Bank’s right couldn’t include cryptocurrencies because of their infrequent use in payments.

Now, maybe FSC agreed with the Bank of Korea’s request but it wants to accelerate the process for the creations a legal framework for crypto. 

There’s a big possibility to re-opening this controversial state. 

SOURCE: Forkast 


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