South Korea ramps up crypto investigations and regulations -Breaking
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South Korea increases crypto regulations and investigationsOn Friday, South Korea’s Financial Supervisory Service (FSS) All rights reservedAn investigation of payment gateways that use digital assets as a means to pay for their services. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.
According to Money Today Co. local news, FSS has recently asked 157 payment gateways for reports on any crypto service, as well as its plans for future development and disclosure. FSS reports state that just six had digital assets.
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