ChainCatcher message, South Korea's Financial Services Commission Chairman Kim Byung-hwan recently stated: "The price of virtual assets has risen significantly in the short term, and the volatility of the market itself is also high, so the government needs to closely monitor and focus on whether there are any abnormal transactions in virtual assets." The Financial Supervisory Service plans to check the operational status of the abnormal transaction monitoring system for virtual asset exchanges in the near future.
Regarding the fact that the trading volume of the virtual asset market has exceeded that of the stock market, he stated: "If we look at both markets, funds should flow into the stock market."
He further added: "We all recognize that the stock market is very important for the positive cycle of our economy, but because there are doubts about the positive impact of virtual assets on the real economy, it is necessary to study the situation where its trading volume remains high."