South Korea’s Virtual Asset Committee will have its first meeting on November 6.
The committee will focus on the second phase of the country’s virtual asset legislation.
The FSC tasked the committee with addressing corporate virtual asset accounts.
South Korea, through its Financial Services Commission (FSC), announced that the newly formed Virtual Asset Committee will hold its first meeting on November 6. As an advisory group, the committee will focus on the second phase of the country’s virtual asset legislation.
The FSC tasked the newly formed committee with addressing corporate virtual asset accounts and the legalization of self-regulatory organizations. Other responsibilities of the group include protecting customer assets and preventing unfair transactions. Announcing the meeting on Wednesday, FSC Chair Kim Byoung-hwan confirmed the committee members’ appointment, noting the meeting would be crucial in determining how South Korea tackles cryptocurrency issues.
Virtual Asset Committee to Address Corporate Investment
The South Korean Virtual Asset Committee is a new establishment formed after the FSC submitted its plans during the National Assem…
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