In a press conference last May 6, newly appointed governor of South Korea’s Financial Supervisory Service (FSS) Yoon Suk-heun said that he sees “some positive aspects” to cryptocurrencies and mentioned that the FSS will be working on crypto regulatory “issues” in collaboration with other regulators.
The FSS governor said that better regulation may lead to a secure financial system that makes crypto-related products more accessible. However, he gave a vague reply on the matter of domestic crypto exchanges and said that the FSS will just figure out the issues gradually.
South Korean exchange UpBit meanwhile replied that FSS chief should instead think about how regulators should provide remedies to help crypto trading and blockchain technology get better.
Source: Coin Telegraph