South Korea Plans Immediate Crypto Incident Reporting to Two Agencies
Photo: TokenPost
South Korea’s Financial Services Commission (FSC) announced Nov. 5 that it would prepare guidance requiring virtual asset service providers to notify the Financial Supervisory Service (FSS) and Financial Security Institute (FSI) immediately after becoming aware of a security incident. The change would add the two financial agencies to existing reporting to the Korea Internet & Security Agency (KISA). The policy is intended to speed investigations, information sharing and consumer protection as links between digital-asset and financial businesses grow.
Source: TokenPost
