Financial Services to Begin Discussions on Location of Cryptocurrency Exchange by Next Week

According to Yonhap News, as the financial and trade authorities involved today, the Financial Services Commission (FIU) of the Financial Services Commission held a meeting and spoke with 30 virtual money changers in Seoul yesterday. The Financial Services Agency has announced that it will discuss the cryptocurrency market and hold discussions on the site. The FIU has been urged to call on eligible companies to hold an onsite meeting next week at the end of July and to declare their intention to apply today. The company will be on-site for up to 5 business days, inspecting key products and asking staff to announce additional products. Scholarships that have not yet received ISMS certification may request a consultation. While discussion on this site is for applicants only, it will be an opportunity for financial authorities to understand and analyze the current exchange, and to guide and improve the shortfall. A Financial Services Agency (FIU) official said: "The government's job is to review the applications as soon as possible, so that discussions at the venue can take place."