Korean Financial Regulator Highlights Potential Impact Of Cryptocurrency Regulations

According to PANews, during the 2024 Seoul Fintech Week, Lee Hyun-deok, Director of the Virtual Asset Regulation Bureau at the Korean Financial Services Commission (FSC), emphasized that while the current impact of the cryptocurrency market on financial stability is relatively limited, this influence is expected to intensify. He noted that the recent introduction of cryptocurrency regulatory measures in South Korea might trigger further discussions on regulatory details, leading to regulatory uncertainty. This uncertainty could potentially affect innovation and development within the cryptocurrency sector.