From NewsBTC
The newly appointed Korean Financial Supervisory Service (FSS) Governor Yoon Suk-heun has stated that regulation should help the cryptocurrency market grow. He spoke during an address yesterday following the confirmation of his appointment by the nation’s president.Read more: https://www.newsbtc.com/2018/05/07/south-korea-ease-cryptocurrency-trading-regulation-highly-optimistic/Clear Regulation Will Be Good For Cryptocurrency in Korea
Yoon believes that the market will stabilise following greater clarity in regulation. This stability will allow the industry to create more services and products. In turn, this will allow the entire market to expand. He stated:“The FSS will collaborate with the FSC when an inspection on policies and financial institutions has different configurations associated with different scopes. FSC inspects policies, while the FSS examines and supervises financial institutions but with the oversight of the FSC.”
During his public address after he was officially appointed by President Moon Jae-in to the top position in the government agency, Yoon spoke of collaboration between the FSS and the Financial Services Commission. When questioned abut the details of forthcoming digital currency regulation, the new Governor declined to comment. Instead, he acknowledged that there were several areas that needed attention:
“There are a lot of issues that need to be addressed and reviewed. We can figure them out but gradually.”
Oh man it would be great if Korea's bulls were unleashed again. Based on last year's big price swings when Korea is all-in we see prices well above 10K. If this new finance minister is serious and makes some moves to loosen crypto trading we may see another great bull run soon! I'm really hoping this news pans out.
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