South Korea’s Crypto Regulation in Limbo After Government Scraps Financial Reform

South Korean President Lee Jae-myung’s campaign promise to reform the nation’s financial authorities has been abandoned. This decision leaves the future of crypto regulation uncertain, as it was expected to be a key part of the reform. The government, the ruling party, and the presidential office have decided to reconsider the planned reform of the financial authorities from scratch. ‘Mofia’ Reform Postponed Indefinitely As a result, the current structure of the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) is expected to be maintained source: https://beincrypto.com/south-korea-crypto-regulation-future/