Nominee for South Korea's Financial Services Commission pledges to crack down on cryptocurrency misconduct
Jinse Finance reported that Lee Eog-weon, the nominee for chairman of the Financial Services Commission (FSC) of South Korea, has publicly pledged to take strict measures to combat improper conduct in cryptocurrency trading. In his written response submitted for the appointment hearing, he emphasized that he will curb insider trading, market manipulation, and other improper activities in the virtual asset sector based on the existing legal framework of the Virtual Asset User Protection Act, which came into effect in July 2024. His participation in the appointment hearing on September 2 will be a key step in officially implementing these regulatory enforcement measures.
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