Kim Byung-hwan, chairperson of South Korea's Financial Services Commission (FSC), said he plans to announce his position on allowing businesses to invest in virtual assets (cryptocurrencies) as soon as possible, while also expediting preparations for the stablecoin regulatory system and the second phase of legislation.
According to News1, Kim Byung-hwan, chairperson of the South Korean Financial Commission, said on allowing legal persons to invest in virtual assets: "The content of the legal person account was omitted from the press release issued by the Virtual Asset Commission (meeting) last week. So there is speculation whether it will not be advanced, but it is not the case. Since the committee has discussed the relevant content before, we will determine the position and announce it as soon as possible." H...
Kim Byung-hwan, chairperson of the Financial Commission of South Korea, said that the virtual asset market monopoly phenomenon centered on Upbit will be reviewed. During the national affairs supervision of the National Assembly Affairs Committee, Kim Byung-hwan responded to lawmakers' questions about the monopoly structure of Upbit, noting that a comprehensive review will be carried out through the Virtual Asset Committee.