South Korea's Financial Services Commission: Considering Allowing Banks to Directly Custody Crypto Assets
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Planet News: The Financial Services Commission (FSC) of South Korea is studying the feasibility of allowing banks to directly provide cryptocurrency asset custody services, and is currently conducting internal discussions on related regulations. If approved, this will mark an important step for South Korea in the convergence of cryptocurrency asset regulation and traditional finance. The policy is considered to help improve the security and compliance of cryptocurrency asset custody while opening up new business directions for banks. (Chosun Ilbo)
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