Supervisory Oversight and Operational Standards for Bitcoin Custody in South Korea
The South Korean government maintains a structured approach toward the integration of digital assets within the broader Finance sector. Financial authorities emphasize that the legal framework for Bitcoin and other virtual assets is primarily designed to ensure market transparency and prevent illicit activities. The Financial Services Commission (FSC) provides ongoing guidance to ensure that all financial institutions adhere to strict reporting standards, reflecting a deliberate shift toward institutionalized oversight.