Korea to Relax Cryptocurrency Curbs

The incoming head of Korea’s primary financial regulator has reportedly confirmed that the authority will look to ease regulations on domestic cryptocurrency trading. Speaking to reporters on Sunday after being approved by President Moon Jae-in to lead the Financial Supervisory Service (FSS), new governor Yoon Suk-heun said the regulator will look at revising some regulations applied to the cryptocurrency market, The Korea Times reports.

Yoon, a visiting professor at Seoul National University, was nominated by the Financial Services Commission (FSC) – Korea’s financial regulator – to lead the FSS, which it directs. The new governor is seen as a “reform-minded” activist with experience as a bureaucrat in the country.

Reference: https://www.ccn.com/korea-to-relax-cryptocurrency-curbs-under-new-fss-chief/

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