🇰🇷📜 New regulations from the Korean Financial Services Commission (FSC) on protecting cryptocurrency users take effect from July 19!
🔒 VASPs must:
- Buy insurance against hacking and malicious attacks
- Separate assets of customers and trading floors
- Keep customer deposits safe in the bank
🕵️♂️ VASPs need to maintain a suspicious transaction monitoring system and immediately report to FSS.
💬 Exchanges are concerned about the possibility of having to delist a series of tokens. DAXA said this possibility is not high.
🚫 The ruling party proposes to postpone tax on profits from crypto trading due to the current unfavorable situation.
What do you think about these new regulations? Comment! 💬👇#Crypto#Blockchain#BTC#Korea