S. Korea’s regulator flags better deal for cryptocurrency industry - RTRS

Choe Heung-sik, chief of South Korea’s regulator, Finance Supervisory Service (FSS), said late-Tuesday, it hopes to see South Korea normalize the virtual coin business in a self-regulatory environment.

FSS has been leading the government’s regulation of cryptocurrency trading as part of a task force.

Key Quotes:

“The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than increasing regulation.”