South Korean legislature considering new licensing system for crypto

South Korean legislature considering new licensing system for crypto

Regulators in South Korea have issued a new report that offers a bevy of recommendations for how to properly govern the country’s crypto industry. A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors.The report issued by the Financial Services Commission (FSC) to the National Assembly, the country’s legislature, also calls for new regulations to mitigate insider trading, pump-and-dump schemes and wash trading.The new regulations would be stricter, and the....


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