South Korea sets the time frame to finalize the way for institutional crypto offers

The Southern Korea’s financial clock saved to issue clear rules for institutional investment crypts, with phase transmission starting in April.

South KoreaFinancial Services Commission moves forward with permission plans Institutional investors In the crypto market, with Vice President Kim so young, saying the government develops a “two-phase framework of the crypto regulation” that extends outside the existing customer protection laws.

During the 12th. March meeting With local experts for the crypto industry, Kim also found that the planec’s rules and legal structure of the token, adding that the authorities “accelerate efforts to global regulatory trends” Following the US President ” Donald TrumpIt pushes on Globalize Cripto.

FSC previously announced the roadmap for the participation of the corporate crypt market in February, aimed at opening the market step by step. Now, Kim says that corporate participation in the crypto market “on change of practice, not just laws,” calling for best practices for making a healthy market.

The working group will develop detailed guidelines, with different time deadlines for participants. Although non-profit and crypto exchange will get guidelines by April, public enterprises and professional investors will have their own k3, Kim said.

Earlier in March, the financial intelligence unit said to initiate a common response to the CRIMES of AML – especially in CRIPTO CRIPTO – who threatens public funds, in cooperation with financial surveillance services and financial institutions. As a cripto.news exportAuthorities will also add warnings to certain industry-selected gamers based on vulnerabilities according to the crimes of AML, media reports and industry requirements.