The proposal of the Financial Services Commission of South Korea to establish a new virtual asset department has been approved by the country's cabin
The proposal to establish a virtual asset department within the South Korean Financial Services Commission has been approved by the State Council. The revised organizational regulations and related implementation rules that were passed will be announced and implemented on the 25th of this month. The virtual asset department will be responsible for necessary management and supervision work to establish order in the virtual asset market and protect users. The department will temporarily add eight personnel (until the end of 2025), including one level-4 employee, four level-5 employees, two level-6 employees, and one level-7 employee.
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