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South Korean authorities have ruled out the possibility of immediately easing regulations on virtual assets
Svmuu News: Following an internal review, the Financial Services Commission, the Ministry of Economy and Finance, and the Bank of Korea stated that it is difficult to move forward with the virtual asset regulatory relaxation measures requested by the industry at this stage. The regulators pointed out that the current policy stance has not yet shifted toward deregulation, and that some of the adjustment proposals put forward by the industry would be difficult to implement without amending existing laws. This review stemmed from a meeting held on June 8 between the Ministry of SMEs and Startups and industry representatives. A spokesperson for the Financial Services Commission stated that regulators are currently seeking industry input on specific implementation guidelines, but this does not indicate plans to relax regulations, and no definitive proposals have been finalized at this time. (Edaily)
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