Crypto
Korea Institute of Finance Calls for Regulation of DeFi and OTC Support Providers
The Korea Institute of Finance has recommended that DeFi and OTC support providers be classified as unauthorized digital-asset operators in South Korea.
This move is aimed at protecting domestic users from potential risks associated with unregistered offshore operators.
The institute proposed setting standards for determining whether offshore operators are operating without registration, to ensure that domestic users can identify and avoid unregistered services.