Published on June 15th, 2018 | by bitcoin0
Direct Supervision Over Crypto Exchanges sought by South Korea’s Government
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit.
This is the first time a government agency has said it will oversee crypto exchanges.
The Need for Direct Supervision
Currently, the FSC and the FIU have no jurisdiction over crypto exchanges since cryptocurrencies are not considered financial assets.
What do you think of Korean government agencies wanting direct supervision over crypto exchanges?
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