Coin

<ul class="news-points"> 
 <li>South Korea embraces a new regulatory framework to satisfy the public expectation of a crypto-friendly regulation.</li> 
 <li>The FSC Chairman Kim Joo-hyun states that the new virtual asset division aligns with the nation’s regulatory vision.</li> 
 <li>The country’s first law on virtual asset user protection is slated to be implemented on July 19.</li> 
</ul> 
South Korea is reportedly <a href="https://coinness.com/en/news/11007?id=11007" target="_blank" rel="nofollow">adopting a new crypto regulatory framework</a> to align with public demand for a national policy supporting financial innovation. Kim Joo-hyun, Chairman of the South Korean Financial Services Commission (FSC), provided insights into the creation of a new virtual asset division that aligns with the nation’s vision. 
During a recent meeting with Virtual Asset Service Providers (VASPs), the FSC Chairman emphasized the government’s goal of establishing a streamlined crypto regulatory framework in compliance with global financial standards. 
South Korea’s <a href="https://www.koreatimes.co.kr/www/biz/2024/06/816_376711.html" target="_blank" rel="nofollow">first law</a> on virtual asset user protection is set to be implemented on July 19. The new law is expected to prompt a review of the listing status of over 600 virtual assets currently traded. In a recent development, the FSC has notified 29 crypto exchanges, includi…
The post <a href="https://coinedition.com/south-korea-tightens-crypto-oversight-with-new-user-protection-law/">South Korea Tightens Crypto Oversight with New User Protection Law</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

South Korea Tightens Crypto Oversight with New User Protection Law

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