South Korea's FSS and FIU move to build unified crypto oversight regime
- —FSS and FIU are jointly building South Korea's crypto supervision framework
- —The new regulatory structure is close to completion, FSS chief Lee said
- —Phase two of the Digital Asset Basic Act will strengthen the oversight regime
- —Lawmaker Lee Kang-il flagged split authority across the FSC, FSS, FIU and BOK
Why it matters: A unified regime in one of Asia's largest crypto markets could tighten exchange requirements and speed up passage of the law's second phase.
Source: PANews