ChainCatcher reported that according to Chosun Biz, at the 2024 Seoul Fintech Week, Lee Hyun-deok, director of the Virtual Assets Regulatory Bureau of the Financial Services Commission (FSC) of South Korea, emphasized that although the impact of the cryptocurrency market on financial stability is still relatively limited, this impact is expected to intensify.

He pointed out that South Korea’s recent cryptocurrency regulatory measures may trigger further discussions on regulatory details, thereby bringing regulatory uncertainty. This uncertainty may have a potential impact on innovation and development in the cryptocurrency field.