Korea Digital Assets Commission: Financial companies should be allowed to participate in digital asset business

According to News1, South Korea's "Digital Assets Committee" responsible for supervising virtual assets held a TF research report meeting on new industries and regulatory innovations today. The study stated that financial companies should be allowed to participate in digital assets (virtual assets) business, and existing financial companies Experience, skill and compliance should be reflected in the digital asset market to complement the lack of institutional foundation. Members of the Digital Assets Committee agreed that there are many cases where services using digital assets are actually similar to existing financial services, and that digital assets are viewed as intangible property with property value, so boundaries should be eliminated.

Previously, the Digital Assets Committee has been examining various issues in the digital asset market and seeking direction for relevant policies.

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