Crypto news

South Korea will have a new cryptocurrency authority

The South Korean authorities will create a temporary Committee on Digital Assets after the collapse of the Terra ecosystem. This is reported by the local media.

According to the publication, the new body will be formed from the existing Special Committee on Virtual Assets and will be launched in June. The structure will operate until a separate permanent agency is created.

As part of its work, the Committee will establish criteria for listing cryptocurrencies, investor protection, monitoring the market and unfair trading practices, as well as other tasks.

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