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.
INFINOX celebrates 15 years of success as a global leader in CFD and Forex trading, expanding its reach and empowering traders through innovative multi-asset platforms.
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.