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Policy News May 30, 2023

The Korean Monetary Authority will carry out special law enforcement on unfair transactions for half a year, covering encrypted assets

The South Korean Financial Supervisory Service (FSS) held a press conference today to report on ways to strengthen the investigation capabilities of unfair transactions, and announced the establishment of a new special investigation team, information collection task force and digital investigation response team.

Among them, the special investigation team is responsible for comprehensive disposal of major unfair trading events involving large losses to investors, the information collection working group is responsible for collecting unfair trading information through online and offline activities, and the digital investigation response team will review virtual assets and tokens Investigative techniques for new digital assets such as securities (STO).

In addition, FSS will hold investment briefings from June 1 to the end of December, accept complaints offline and online, and set up a special law enforcement team to review improper transactions.

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