The head of the South Korean financial regulator Financial Service Commission (FSC), Koh Seung-beom, recently announced that cryptocurrency issues in the country should be resolved soon. He has stated multiple times already that he wishes to stabilize the cryptocurrency markets in the country, which is a major crypto hub.
According to Koh Seung-beom, the faster the issues are resolved, the smaller the impact on the market would be.
Many South Korean politicians have referred to the crypto industry as a “bubble” which can burst at any given time and create many regulatory and other issues for their country.
Source
I think only time will tell whether cryptos are a bubble. I sure hope they're not.
According to Koh Seung-beom, the faster the issues are resolved, the smaller the impact on the market would be.
Many South Korean politicians have referred to the crypto industry as a “bubble” which can burst at any given time and create many regulatory and other issues for their country.
Source
I think only time will tell whether cryptos are a bubble. I sure hope they're not.
