South Korea Plans To Ease Crypto Regulations Under New FSS Governor

ICO News, News, Regulation | May 7, 2018 By:

Yoon Suk-heun, the newly appointed governor of South Korea’s Financial Supervisory Service (FSS), said that the country’s top financial regulator will look to ease regulations on domestic cryptocurrency trading.

In a statement, Yoon said the FSS will collaborate with the Financial Services Commission (FSC) when an inspection on policies and financial institutions has different configurations associated with different scopes.

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South Korea Cryptocurrency Crackdown: Regulators Caught Insider Trading

News, Regulation | January 18, 2018 By:

South Korea’s Financial Supervisory Service (FSS) employees were reportedly found to have sold all of their cryptocurrency holdings and profited just before the regulator publicly proposed measures against the industry.

At a meeting of the National Assembly’s Committee, a right-wing party lawmaker revealed an inside information that FSS employees sold all of the cryptocurrency that they invested in just prior to the announcement of the government’s measures.

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