The global crypto regulatory sector has shown a spike in activity in 2024. Leading nations such as the US and UK announced new regulatory plans while on the other hand, Eastern countries also made advancements. Presently, in the past day, South Korea’s regulatory body, the Financial Supervisory Services (FSS) announced
South Korea’s Financial Supervisory Services (FSS) has announced a proposal to establish a cryptocurrency monitoring tool. That will be integrated into the identification verification system by the end of January. As well as penalizing cryptocurrency investors who refuse to validate their identities. FSS governor Lee Bok-hyun officially announced this on
FSS is investigating South Korea’s leading banks for unethical crypto transactions. FSS requested banks to submit an audit on noteworthy foreign exchange transactions. Two of the South Korean largest banks are under exploration by the Nation’s Financial Supervisory Service (FSS) for potential links with unethical crypto-based transactions. Woori and Shinhan
