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Korea’s FSC proposes regulatory approval requirement for crypto executives

South Korea’s Financial Services Commission (FSC) is weighing a new proposal that would require crypto executives to obtain regulatory approval before taking up a role. In a document published on its official website on Feb. 5, the FSC says it is working on a set of new improvements that would require new executives of crypto businesses to obtain regulatory approvals before taking up a position. This regulatory move extends beyond crypto though, reflecting the FSC’s broader aim to assert increased authority over the financial market. Meanwhile, the office of the South Korean President has urged the country’s financial regulator to reconsider the possibility of permitting spot BTC ETFs to trade within the country. 

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