South Korean Regulators Foster Global Crypto Dialogue with ASEAN and OECD South Korean regulators, led by the Financial Services Commission (FSC), engaged in a fruitful discussion on
crypto policy with officials from ASEAN and the OECD in Seoul.
The FSC's international conference aimed to
promote collaboration and "resolve risks" associated with digital finance, including the ever-evolving world of
cryptocurrencies.
This event, dubbed the "South Korea-OECD Roundtable: On Digital Finance in ASEAN," attracted not only financial regulators but also representatives from major institutions across Asia and OECD member countries.
Vice Chairman Kim So-young emphasized the positive impact of
financial innovation driven by digital technology. However, he stressed the need for an
adaptive regulatory framework to safeguard against potential risks and protect consumers.
As the discussions continue, South Korean regulators urge their counterparts to embrace an
active approach in tackling the challenges and opportunities presented by the dynamic realm of digital finance and crypto markets.
