Digital Assets Basic Act News Today

Top guns in South Korea’s finance market are backing President Yoon Suk-yeol's digital assets campaign with a plan to launch a new wave of exchanges in line with the booming blockchain industry.

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South Korea has agreed with the United States to share digital asset crime investigation data and make joint efforts to investigate entities and persons connected to the collapsed Terra blockchain.

The FSC report highlights new regulations that introduce stricter licensing requirements for digital currency exchanges and token issuers based on the risks involved.

Yoon Seok-youl's administration will reportedly introduce a crypto-friendly legislation in 2023.