The South Korean government takes another step towards coding repair star-news.press/wp
author
Tim Alper
author
Tim Alper
Involve
The South Korean government is scheduled to carry out pro -business encryption reforms, including Stablecoin regulations.
South Korea newspaper Seoul Metro It stated that the Presidential Committee for Government Affairs announced its plans to take a public briefing on August 13.
South Korea’s encryption reform is formed
The committee talked about a five -year plan for state management, and to name 123 state affairs.
Among these tasks are “building an ecosystem for digital assets” and “developing the local encryption market”.
Both were identified as the “main national tasks” of the administration, which took office in early June this year after the election of President Lee Jay Meong.
It has repeatedly spoke to me about his intention to build the local encryption sector, while canceling organizational restrictions and organcoin organization on his agenda.
The President appears to be keen to allow local companies to issue a garment. The reaction of banks and the leading information technology companies was by registering dozens of brands related to Stablecoin.
Others operate the coding plans, and they indicated that this may allow non -financial companies to develop advanced payment platforms.
However, one of the main pledges of Lee was stopped in the five -year plan, the dissolution of the Financial Services Committee (FSC).
FSC is the best financial organizer in the country. Financial Intelligence Unit Policies (FIU) has an exchange of encryption in the country, the issuance of employment permits and the conduct of periodic inspections on the site.
It also imposes terrorist funding protocols to combat terrorist and terrorist financing on trading platforms.
FSC: The loud critic is no longer?
In previous years, FSC was a loud critic of the encryption sector. But in recent years, with governments relaxing their hard -line position, she spoke in favor of reform.
Under the proposal, the supervisory tasks conducted by FSC were the transition to the financial supervision service.
FSC policy tasks were caused by its transfer to the Ministry of Strategy and Finance.
But a plan for me to cancel FSC has proven controversial, even among senior ministers. While his offices have not yet confirmed that the president has raised the policy, it appears that the five -year plan indicates that the proposal may have moved to the back stove.
There was no mention of the organizational reorganization movement on the plan. Seven of 123 tasks were appointed to FSC.
The newspaper added that encryption reforms are the “main axis” of both the government and the National Assembly this year.
As such, it is expected that the momentum is “gaining” in the coming weeks, as the Seoul Metro has written.
“It is time to play to catch up with knees”
Political leaders are concerned that South Korea is backward. They noticed that over the past two years, the global encryption market has expanded by 262 %.
While the investment of encryption has risen in the United States, the European Union and Japan, driven by the engines of institutions, the same cannot be said to torrents. Director Books:
“Late institutional reforms and the lack of legislation in South Korea have left the domestic retardation market in terms of competitiveness.”
FSC gave priority to its plan to allow companies to buy and sell encryption. He also wants to be a “more relaxed approach” of regulations.
The organizer previously talked about his intention to offer coding regulations before the end of this year.
However, the skeptics say that no final decision has been made about the fate of FSC. The newspaper pointed out that talks to cancel the organizer “may resume in the future.”
The financial sector officials, whose name, said that the debate on reorganizing financial organizers “will continue until the end of the year.”
Earlier this month, the Seoul region in Gang Nam announced that it had recovered 144,057 dollars of unpaid taxes in the first half of this year by seizing metal currencies from tax evaders.
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2025-08-13 23:30:00
