New Development in South Korea’s Cryptocurrency Stance

By Patrick Thompson

Thu, 22/02/2018 - 4:02

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.

New Development in South Korea’s Cryptocurrency Stance

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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.