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The New York State Department of Financial Services (NYDFS) has “asked to see the banks’ internal regulations on cryptocurrency dealings,” Chosun reported and also stated " There’s a lot of concern from foreign governments about the regulations being imposed on cryptocurrency trading…with the Korean government conducting on-site inspections and establishing guidelines, financial regulators in New York seem to be gathering information for research purposes."
South Korea’s Financial Supervisory Service (FSS) and Financial Intelligence Unit (FIU) to share the data obtained from their inspections of six major Korean banks, local media report with NYDFS. The NYDFS supervises banks, insurers, and financial institutions in the US. It is also responsible for issuing New York’s infamous Bitlicense since 2014.
Read the full post here https://news.bitcoin.com/us-financial-regulator-requests-crypto-trading-data-south-korea/