South Korea ramps up crypto investigations and regulations By Cointelegraph

South Korea ramps up crypto investigations and regulations

Cryptocurrency Jun 04, 2022 06:40AM ET

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South Korea ramps up crypto investigations and regulations

On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.

As reported by local news outlet Money Today Co., the FSS had recently demanded reports from 157 payment gateways about any service related to crypto, their plans for the future, and disclosure of digital assets. But an FSS report stated that only 6 held any digital assets.

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South Korea ramps up crypto investigations and regulations

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