South Korean Regulators Turn Focus to OTC Trading
South Korean regulators have turned their attention to the over-the-counter (OTC) cryptocurrency market, following an event titled "Legal Challenges in the Virtual Asset Sector" held at the Supreme Prosecutor's Office earlier this month. Representatives from the Financial Services Commission and the Seoul Southern District Prosecutor's Office Virtual Asset Crime Joint Investigation Team attended the meeting. Speakers claimed the need for "more" and "stronger" cryptocurrency regulation, stating that the OTC market is becoming a "center for virtual currency-related crimes" such as "fraud and money laundering."
South Korean regulators have turned their attention to the over-the-counter (OTC) cryptocurrency market, following an event titled "Legal Challenges in the Virtual Asset Sector" held at the Supreme Prosecutor's Office earlier this month, with participation from prosecutorial authorities. Representatives from the Financial Services Commission and the Seoul Southern District Prosecutor's Office Virtual Asset Crime Joint Investigation Team also attended the meeting. Event speakers claimed the need for "more" and "stronger" cryptocurrency regulation, stating that the OTC market is becoming a "center for virtual currency-related crimes" such as "fraud and money laundering."