Security

Coin

<ul class="news-points"> 
 <li>South Korea launches new system to combat crypto fraud and hacks.</li> 
 <li>FSS partners with KISA to enhance regulatory oversight and investigations.</li> 
 <li>New regulations prioritize user protection and align with global standards.</li> 
</ul> 
South Korea is ramping up efforts to combat fraud and cybercrime in the cryptocurrency market, unveiling a new joint response system aimed at curbing hacks and unfair trading practices. 
Lee Bok-hyun, the South Korean Financial Supervisory Service (FSS) Governor, recently unveiled the nation’s new joint response system designed to combat the rising number of hacks and fraudulent activities in the <a href="https://www.fsc.go.kr/eng/pr010101/82534" target="_blank" rel="nofollow">virtual asset ecosystem</a>. 
This move follows South Korea’s recent implementation of <a href="https://coinedition.com/south-korea-tightens-crypto-oversight-with-new-user-protection-law/">new regulatory policies</a>, which are in line with public demand for crypto-friendly national policy. Financial Services Commission (FSC) Chairman Kim Joo-hyun announced the nation’s goal to adopt a crypto framework that meets public needs and aligns with global financial standards. 
In a recent development, the FSS signed a memorandum of understanding (MoU) with the Korean Internet and Security Agency (KISA). The MoU is an agreement to enhance cooperation in implementing …
The post <a href="https://coinedition.com/south-korea-enacts-new-protections-for-virtual-asset-users/">South Korea Enacts New Protections for Virtual Asset Users</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

South Korea Enacts New Protections for Virtual Asset Users

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