The former deputy governor of South Korea’s financial regulator, the Financial Supervisory Service (FSS), has been nominated to lead the Korea Blockchain Association. The news, revealed by the association on Monday, was reported by local English-language daily The Korea Times on June 13.
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The Korea Blockchain Association seeks to create regulations for blockchain technology and the cryptocurrency sector, and counts crypto exchanges, crypto-related enterprises and public institutions as members. As The Korea Times writes, the association has previously faced criticism over its alleged failure to defend the interests of domestic crypto exchanges in the wake of a real-name trading policy for the crypto sector.