South Korea will hold a virtual asset exchange seminar today, with 20 exchanges participating

According to Yonhap News Agency, South Korea's financial regulatory authorities and industry insiders revealed on the 3rd that the Financial Information Analysis Institute (FIU) under the Financial Services Commission will hold a closed-door seminar on "Virtual Asset Exchange Declaration and Registration Guide Consultation (tentative name)" at 4 pm today at the Bank Union Hall in Jung-gu, Seoul. It is reported that 20 virtual asset exchanges in South Korea that have obtained ISMS certification will participate. At the seminar that day, FIU will specifically explain the government's position on the management of virtual asset operators and introduce the direction of future system improvements. The declaration conditions of virtual asset operators and other related contents are expected to be further discussed. The Financial Services Commission is promoting relevant plans to prohibit virtual asset operators from intermediating, introducing sales, and trading of virtual assets issued by themselves, and prohibiting operators from manipulating market prices.

Earlier news, the South Korean authorities decided that the Financial Supervisory Service of Korea will be responsible for supervising the cryptocurrency market.