Korea to establish cryptocurrency policy review bureau

In a statement, the FSC said the Korea Financial Intelligence Unit (KFIU), an arm of the FSC responsible for anti-money laundering, will have the authority to manage the newly-created bureau. The “crypto asset monitoring bureau” will be assigned to monitor any suspicious financial activity on cryptocurrency assets, to decide the extension of license for cryptocurrency operators and to explore ways on how to enhance investor protection rules.

Read this article by  Kim Yoo-chul in full @ KoreaTimes

Image by WorldSpectrum from Pixabay

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