Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Soon S. Korea will launch a crypto regulatory body

0
(0)
Soon S. Korea will launch a crypto regulatory body 2

The crypto industry of South Korea will soon get its crypto-dedicated regulatory body, which will govern under the control of FSC agency.

In the past, South Korean citizens showed huge inclination toward the crypto industry and also as a result of it, Korean government agencies introduced highly strict rules & laws to keep the citizens away from crypto-related frauds. At the moment, only 4 crypto exchanges are allowed to provide full crypto- fait paired trade, while the other 2 dozen crypto exchanges are allowed to provide only crypto-crypto pair trade. 

When the crypto market was under extreme volatility in May of this year then that resulted in the collapse of the Terra blockchain ecosystem, where both of the native tokens of Terra (namely Luna & Stablecoin UST) touched the ground value. After the collapse of Terra, the government agencies of South Korea decided to introduce a separate dedicated agency for the crypto Industry. 

The name of the agency is Digital Assets Committee (literal English translation) and the setup work of this agency is going on fastly. The new crypto regulatory committee will work closely with the Financial Services Committee (FSC) and the Financial Supervisory Service (FSS). 

At present, the Financial Intelligence Unit (FIU), a subsidiary of the FSC agency, governs the crypto companies in South Korea. But here it is not clear whether the new agency will acquire the power of FIU or not. 

According to available reports, the new committee will be launched by the end of this month. And also the founding members of the future committee have been appointed. Initially, this committee was expected to operate its work independently but the majority of the reports noted that it will work under the control of FSC’s FIU.

Terra collapse and results

No doubt that the collapse of the Terra project resulted in a huge loss for the majority of the crypto Investors but in particular this incident acted as a catalyst to impose pressure on the government agencies to bring more strict regulatory standards to ensure that running active crypto companies or projects are genuine and their business model also ideal, in favor of crypto Investors.

Read also: Panic among crypto investors because of Mt.Gox repayment plan

Soon S. Korea will launch a crypto regulatory body

 

https://bitcoinik.com/soon-s-korea-will-launch-a-crypto-regulatory-body/feed/

https://bitcoinik.com/soon-s-korea-will-launch-a-crypto-regulatory-body/feed/

 

 

 

 

 

Ads by Cryptonews24

 

ETH-ERC20 Mining and Financial Management

ETH-ERC20 Mining and Financial Management

✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.

The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:

✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY

✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY

✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY

✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY

✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY

✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY

✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY

 

📌 You must open wallet  (Metamask, Tronlink e.t.c. ) and connect it,  for earning income

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://eth-trc20.org/h5/#/?p=16327

 

ETH-ERC20 Mining and Financial Management

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

👇👇👇👇👇👇👇👇👇👇
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat