[2023 National Audit] Financial Services Commission Chairman: "Corporate Virtual Asset Investment Can Be Considered Only When Customer Trust and Stability Are Secured"

Financial Services Commission Chairman Kim Ju-hyun is responding to lawmakers' questions at the Political Affairs Committee's audit held at the National Assembly on the 11th. Photo by Kim Hyun-min kimhyun81@

Kim Ju-hyun, Chairman of the Financial Services Commission, stated regarding corporate and institutional investment in virtual assets, "Since the Virtual Asset User Protection Act has been established, if this stabilizes customer trust, we can consider being a bit more proactive at that time."

At the comprehensive audit of the Political Affairs Committee held at the National Assembly on the 27th, Chairman Kim responded, "Perceptions of virtual assets vary by country," adding, "Even countries that viewed them favorably have experienced incidents, causing fluctuations and confusion."

He continued, "I will consider the potential issues and benefits that may arise if corporate investment in virtual assets is permitted."