Lee Chanjin, governor of the country’s Financial Supervisory Service (FSS), said at a press conference that the incident showed the need for legislation to apply regulatory control to digital assets, according to the report.
“There are many areas we are seriously looking into, and we are particularly worried about the issue of electronic systems,” Lee said, per the report.
South Korea introduced protections for crypto investors in 2024 with the Virtual Asset User Protection Act, which followed the 2022 collapse of the TerraUSD and Luna…
