New Development in South Korea’s Cryptocurrency Stance

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Thu, 02/22/2018 - 04:02
Patrick Thompson
The chief of South Korea’s Financial Supervisory Service (FSS), Choe Heung-sik, told the country’s government should take a more worldly approach to cryptocurrency
Cover image via U.Today

The chief of South Korea’s Financial Supervisory Service (FSS), Choe Heung-sik, told reporters on Feb. 20 that the country’s government should take a more worldly approach to cryptocurrency, focusing on normalization opposed to heavier regulation. The FSS is leading the way in South Korea’s cryptocurrency regulation, but faces difficulties due to Korean officials’ contradictory attitudes toward the industry.

About the author

Patrick Thompson is a freelance writer who has written for several publications in the past about a vast range of topics.  Thompson is an Economics & Philosophy major at Rutgers University, where he is currently completing his senior year; upon graduating, Thompson plans to go to law school. Thompson is currently the

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