South Korea’s new amendment requires crypto company executives to obtain regulatory approval before taking office
According to The Block report, the South Korean Financial Services Commission (FSC) proposed a new amendment on Monday, requiring new executives of cryptocurrency companies to obtain regulatory approval before taking office.
FSC stated that it intends to improve the current legal difficulties in regulating the local cryptocurrency industry. If the bill is passed, new executives of South Korean cryptocurrency companies will not be able to start working immediately until the FSC approves their personnel change application.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.
How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.
Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data
Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.
BREAKING: End of an Era – Terraform Labs Approved For Bankruptcy After Settling With SEC