South Korea’s central bank has joined the league of digital currency regulators in the country following a legislative amendment that will see it share investigative powers with the Financial Services Commission (FSC).
The Bank of Korea (BoK) will have the power to investigate digital currency service providers, giving them access to transaction data for exchanges operating in the country. The move is part of a broader plan by the government to crack down on the operation of bad actors in the industry that has been plagued with several large-scale collapses.
