Go Seung-beom "We Will Establish Transparent Trading Order in the Cryptocurrency Market"

Financial Services Commission Chairman Ko Seung-beom attended the plaque unveiling ceremony of the Financial Intelligence Unit branch held at the Gwanghwamun Building in Jongno-gu, Seoul on the 22nd. Commemorative photo order: (from right) Park Yeon-seo, Standing Director of the Korea Deposit Insurance Corporation; Kim Dong-sung, Deputy Director of Strategic Supervision at the Financial Supervisory Service; Ko Seung-beom, Chairman of the Financial Services Commission; Kim Jeong-gak, Director of the Financial Intelligence Unit; Hong Woo-seon, President of Koscom.

[Asia Economy Reporter Kim Jin-ho] Ko Seung-beom, Chairman of the Financial Services Commission, emphasized on the 22nd, "We will establish a transparent trading order in the virtual currency market."

Chairman Ko made these remarks while conversing with attendees and staff immediately after the plaque unveiling ceremony held at the Financial Intelligence Unit (FIU) branch in Gwanghwamun, Seoul.

He stated, "As a result of encouraging an orderly business settlement so far, the market has been stabilizing without major confusion since the registration deadline on the 24th of last month," adding, "It is necessary to maintain constant communication and mutual cooperation with the market going forward."

He also emphasized, "At this point, the important thing is to prevent users from suffering unfair financial damages," and said, "We will focus on inspecting whether customer assets held by businesses that have ceased operations are being returned smoothly."

He further urged, "In case of unfair or illegal damages such as withdrawal delays or sudden disappearances, please respond promptly with the relevant government departments."

Additionally, he stressed the importance of management and supervision to establish a transparent trading order in this new market of virtual currency. He said, "There may be fears about uncharted paths, but if we approach our work with the mindset of 'Bonrip Doseong (本立道生)'?establishing the foundation to create the path?the way will become clear," and added, "Please conduct field-centered inspections by directly listening to the voices of the market and visually confirming any wrongdoings."