FSC's Lee Bok-hyun: 'Illegal forces will not be able to settle in virtual assets'... Prosecution Service and FSC strengthen cooperation

IconCryptoNewsTerminal Staff14 Jul, 2024

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FSC's Lee Bok-hyun: 'Illegal forces will not be able to settle in virtual assets'... Prosecution Service and FSC strengthen cooperation

FSC and Prosecution Strengthen Cooperation to Combat Virtual Asset Crimes The Financial Services Commission (FSC) and the Seoul Southern District Prosecutors' Office have joined forces to crack down on illegal activities in the virtual asset market. FSC Chairman's Remarks FSC Chairman Lee Bok-hyun emphasized the importance of collaboration in combating serious crimes and cases requiring prompt investigation. He stated that the FSC would work closely with the prosecution to ensure a strong response. Swift Enforcement To expedite investigations, the FSC plans to consult with the Financial Supervisory Service (FSS) and promptly transfer cases to the prosecution when necessary. Protecting Users and Market Order The Seoul Southern District Prosecutors' Office will prioritize protecting users and maintaining transaction order in the virtual asset market. It will strictly investigate and prosecute cases of unfair trade practices. This joint effort demonstrates the government's commitment to ensuring the integrity and safety of the virtual asset industry.

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