South Korea Launches the Next Stage of Virtual Asset Regulation Research

South Korea Launches the Next Stage of Virtual Asset Regulation Research

South Korean Crypto Exchange Forms Alliance To Combat Money Laundering

The post South Korea Launches the Next Stage of Virtual Asset Regulation Research appeared first on Coinpedia Fintech News

South Korea is establishing plans to regulate virtual assets with the launch of the second phase of the Legislation Research Service. The latest study seeks to address key issues such as Virtual asset insurance (ICO) and potential conflicts of interest in the procedure. Additional topics to be addressed in the research involve the regulatory systems for stablecoin. The government aims to efficiently regulate virtual assets without hindering innovation or the expansion of the industry. This action is part of the country’s effort to establish a broad regulatory framework for virtual assets.

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