South Korea’s Financial Services Commission Holds Meeting on Virtual Assets, Pledges Support to Enhance Compliance Capabilities of Operators

Financial Services Commission (FSC) of South Korea held a consultation meeting to enhance the compliance capabilities of virtual asset operators, stating that it will support strengthening the compliance abilities of such operators and firmly crack down on illegal activities. The meeting was attended by the Korean Financial Information Analysis Institute, the Joint Investigation Team on Virtual Asset Crimes, executives from the top five virtual asset exchanges, and DAXA, among others.