South Korea’s Financial Services Commission to establish a virtual assets committee

Odaily News The Financial Services Commission (FSC) of South Korea plans to set up a virtual asset committee composed of public and private experts, including experts from public office, academia, the legal community, and the virtual asset industry. The regulatory advisory group will be established in conjunction with the Virtual Asset User Protection Act, which will be implemented on July 19. Its responsibility is to provide policy and regulatory guidance for the cryptocurrency market and related companies. The committee members will include two senior government officials, legal experts, professors, industry experts, consumer protection experts, and information security experts. (Chosun Ilbo)