The post South Korea and U.S. Leaders Gear Up for Critical Crypto Regulation Talks in 2024 appeared first on Coinpedia Fintech News
South Korea’s crypto market faced a severe blow when fraud and collapse within Do Kwon’s Terra-Luna ecosystem led to a staggering $40 billion crash in 2022. This incident highlighted the need for regulation in the largely unregulated crypto space, leaving South Korean traders reeling from the aftermath of rampant fraud.
Regulatory Talks: South Korea’s Financial Chief to Meet SEC’s Gensler
South Korea’s Financial Supervisory Service (FSS) Chief, Lee Bok-hyun, is scheduled for a critical discussion in January with Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). This anticipated meeting, reported by Chosunbiz on December 18, signifies a proactive move to deliberate on cryptocurrency market dynamics and potential supervisory policies in the ever-evolving crypto sector.
The timing of this upcoming meeting holds paramount si
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