South Korea’s Financial Services Commission will decide next month whether to propose “exemption criteria” for the crypto industry

According to Yonhap News, the head of the Korea Financial Services Commission (FSC) said on the 27th, “We are considering listening to banks’ opinions (to set exemption standards)” and “the final form will be a statement of inaction, to be finalized within next month.” According to the report, the Federation of Banks has expressed its opinion to the FSC that banks should be exempted if there is no intentional or gross negligence in the real-name verification access account review process, even if there are money laundering problems with virtual currency exchanges.

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