South Korean authorities intend to separate the assets and deposits of crypto exchanges by amending the implementation decree of the "Special Gold Act"

According to EToday, South Korea’s ruling party, the National Power Party, is reviewing a plan to amend the enforcement decree of the Specified Financial Transaction Information Act (referred to as the “Special Fund Act”) so that virtual asset exchanges can completely separate their own assets from user deposits. . Members of the National Assembly’s political affairs committee said: “Although it is possible to make some changes in the special gold law to separate exchange assets and deposits, it is more difficult because the Democratic Party is blocking various legislation of the ruling party. We will review whether we can implement it through changes. Act by decree, that's the guideline of the Trump Act."

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