Financial Services Commission Imposes Crypto Asset Ban on Employees
CryptoNewsTerminal Staff31 May, 2024
Financial Services Commission Imposes Crypto Asset Ban on Employees
The Financial Services Commission (FSC) has implemented a new ordinance that prohibits certain employees from holding virtual assets. This move comes as part of the FSC's ongoing investigation into virtual asset policies. The ordinance primarily targets government employees working in virtual asset-related departments, as well as senior supervisors and stakeholders responsible for overseeing and supervising these departments. These individuals are now prohibited from holding virtual assets. The FSC is actively monitoring compliance with this new ordinance and is conducting regular investigations to ensure that affected employees are not holding virtual assets. This move is part of the FSC's broader efforts to strengthen regulations and oversight in the virtual asset market. The FSC's actions align with the government's stance on virtual assets and its commitment to protecting investors and maintaining market stability. By prohibiting certain employees from holding virtual assets, the FSC aims to mitigate conflicts of interest and prevent potential misconduct within the financial services sector.
