Is South Korea going to lead the world crypto regulation?
A civil servant working at the South Korean Financial Supervisory Service also known as the FSS named Yoon Suk-Heun has proposed that there should be better cooperation between the international authorities regarding crypto and ICO regulation. The verdict was made during the opening ceremony of the 20th FSS conference in Seoul with the aim of more cooperative opportunities.
“Increasing transparency in transactions in order to prevent illegal activities”.
“Increasing transparency in transactions in order to prevent illegal activities”. This is the main purpose of the FSS and Suk-Heunemphasized this the most. He called on countries to share more information so he wants to reduce the risk of money laundering when introducing new financial products. Suk-Heun also called for a system to be developed for consumer protection and the internal control of crypto-related financial companies.