S. Korea's FSS establishes Virtual Asset Supervision and Investigation Bureaus

Yamini003

The Financial Supervisory Service of South Korea has announced the establishment of the "Virtual Asset Supervision Bureau" and the "Virtual Asset Investigation Bureau," dedicated to overseeing virtual assets and establishing market order before the implementation of the "Virtual Asset User Protection Act" in July of next year.
The Virtual Asset Supervision Bureau functions as the regulatory body for virtual assets, responsible for supervisory inspections of virtual asset operators, market monitoring, and system improvement.
The Virtual Asset Investigation Bureau is a department focused on investigating unfair transactions to combat disruptive market activities. The primary goal is to prevent unfair transactions from disrupting market order and causing harm to users.

Ritu13

Virtual currencies in South Korea are also developing quite well.

Indra55

It might be better to merge them into one.

Kitu11

It seems to have a promising future.

Jafar224

The establishment of such an institution is indeed necessary.