South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report

Cointelegraph

Published Aug 11, 2022 11:30AM ET

Updated Aug 11, 2022 01:00PM ET

The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets.

According to a Thursday report from South Korean news outlet Edaily, Financial Services Commission chair Kim Joo-hyun said a task force consisting of private experts and government ministries will “quickly” review proposed legislation on cryptocurrencies. Kim, addressing the Digital Assets Committee, added that the financial watchdog would “make institutional supplements that will take a balanced approach to blockchain development, investor protection and market stability."

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