简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:South Korea's Financial Supervisory Service (FSS) is intending to build crypto surveillance tools to periodically assess the risks connected with crypto assets.
According to reports, South Korea's Financial Supervisory Service (FSS) is intending to build crypto surveillance tools to periodically assess the risks connected with crypto assets.
FSS Governor Lee Bok-hyun said that the FSS is working on several efforts to address this year's virtual asset market dangers. He said that the crypto sector is projected to grow more closely tied to regular financial markets, but authorities now lack data to detect possible hazards in the crypto industry.
“Securing data is more vital than anything else in order to react to dangers in the virtual asset market,” Lee said. Furthermore, the regulator intends to impose a new disclosure requirement in crypto-related businesses.
The director also said that no financial institution in Korea directly offers crypto-related services and that despite the rise of the virtual asset market, the direct influence on the financial system's stability remains modest. However, if the local cryptocurrency market in Korea develops in size, so will its influence on financial stability.
Following the collapse of Terra-Luna, several nations are implementing thorough regulatory steps to stabilize their markets. Traditional financial markets are getting increasingly linked to the bitcoin sector as well.
Keep an eye out for more Crypto news.
Install the WikiFX App on your smartphone to keep up to speed on current events.
Download link: https://www.wikifx.com/en/download.html
Image
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!
JPMorgan to offer instant USD/EUR settlements via JPM Coin, with plans to include GBP. Blockchain tech aims to streamline forex for fintech firms.
The Polish Financial Supervision Authority (KNF) has recently issued a cautionary warning regarding Foris DAX MT, the Malta-based entity operating under the Crypto.com brand
The Financial Conduct Authority (FCA) recently secured convictions against Raymondip Bedi and Patrick Mavanga, from CCX Capital and Astaria Group respectively, for orchestrating a £1.5 million investment fraud that affected over 65 investors between February 2017 and June 2019.