South Korean authorities propose to tighten regulation of cryptocurrency exchanges
South Korean lawmakers have proposed amending the Digital Assets Law to tighten controls on cryptocurrency exchanges to prevent situations like FTX and Terra. Republican Yoon Chang-Hyun of the Power of the People party believes that it is necessary to expand the powers of the South Korean Financial Services Commission (FSC) and the South Korean Financial Supervisory Service (FSS) so that departments can monitor and audit the activities of cryptocurrency platforms. If the new amendments are…
