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South Korea Makes FSC Virtual Asset Division Permanent in Landmark Regulatory Move

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South Korea’s Financial Services Commission (FSC) has made its Virtual Asset Division permanent, as reported by BitcoinWorld on December 16. The division, now enshrined in the FSC’s enforcement rules, will no longer operate on a provisional basis. The move also grants permanent status to the Virtual Asset Inspection Division within the Financial Intelligence Unit (FIU). The FSC aims to strengthen oversight in crypto asset classification and enhance efforts in Countering the Financing of Terrorism. The changes establish a stable regulatory framework for the digital asset market.
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