Head of South Korea’s financial regulator to discuss crypto with Gary Gensler: Report

Lee Bok-hyun reportedly plans to meet with SEC chair Gary Gensler in January to discuss the status of the crypto market and the direction of supervisory policy.

Lee Bok-hyun, head of South Korea’s Financial Supervisory Service (FSS), reportedly plans to meet with United States Securities and Exchange Commission (SEC) chair Gary Gensler to discuss crypto regulation.

According to a Dec. 18 report in South Korean news outlet Chosunbiz, Lee will visit the SEC in January and plans to arrange a meeting with Gensler. The FSS head reportedly plans to discuss the crypto market’s status and the direction of supervisory policy affecting the space. Cointelegraph reached out to the SEC but did not receive a response at the time of publication.

“[R]egulatory cooperation between countries is important for borderless virtual assets,” said an unnamed South Korean government official.

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Source: https://cointelegraph.com/news/south-korea-financial-regulator-discuss-crypto-gary-gensler