South Korea proposes a new framework for crypto firms
The report, issued by the Financial Services Commission of the country, details several recommendations relating to cryptocurrencies
By Shashank Bhardwaj
The South Korean government has commissioned a report that suggests that the local cryptocurrency industry will implement a licensing framework for exchanges and token issuers to protect investors. The report, issued by the Financial Services Commission (FSC) to the National Assembly, also recommends new restrictions to combat insider trading, pump-and-dump scams, and wash trading.
The writer is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash
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