Regulator summons crypto exchange operators to meeting
Posted : 2021-06-03 16:36
By Anna J. Park
After the government announced measures last week to strengthen the supervision and monitoring of the cryptocurrency sector, the Financial Services Commission (FSC) summoned the country s 20 digital coin exchange operators to a meeting Thursday, raising interest in its plans regarding them.
The Financial Services Commission (FSC) said the Korea Financial Intelligence Unit (KoFIU) called the meeting to provide information and consulting on business reporting requirement procedures.
This is the first official move by the FSC on regulating local cryptocurrency operators, and the meeting only involved the 20 exchanges that had already obtained Information Security Management System (ISMS) certification from the government.
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