Korean gov’t clarifies crypto regulatory roles of different agencies

Cointelegraph

Published May 28, 2021 06:54AM ET

Updated May 29, 2021 09:00AM ET

Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government frameworks tailored to the growing industry.

With the regulatory landscape for digital assets thus undergoing a marked shift, there has nonetheless been some confusion as to which Korean government agency or regulatory authority is tasked with overseeing various aspects of crypto-related activities. According to a local report, a joint statement released on Friday aims to clarify these questions for a society of undeniable crypto enthusiasts.

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