South Korea’s National Assembly Weighs Calling 1-2 Crypto Exchange CEOs as Audit Witnesses
Summary
- The National Assembly is reviewing a plan to call one or two CEOs of domestic virtual-asset exchanges as witnesses for the annual parliamentary audit.
- Exchange oversight issues could emerge as key topics in this year’s audit, including standards for altcoin listings and delistings, disclosure and circulating-supply management, and the supervisory framework for stablecoins.
- The related issues are expected to dovetail with discussions on the Digital Asset Basic Act, leading to further debate on formalizing exchanges’ listing and delisting standards and disclosure and circulating-supply management.
Forecast Trend Report by Period
South Korea’s National Assembly is considering calling one or two chief executives of domestic virtual-asset exchanges as witnesses for this year’s parliamentary audit, according to a report.
NewsPim reported on September 22 that the National Policy Committee is reviewing whether to adopt crypto exchange CEOs as witnesses for the annual audit. The plan is still under review, and a final decision will be made after consultations between the ruling and opposition parties and a full committee meeting.
Key issues in this year’s audit could include exchange oversight, such as standards for listing and delisting altcoins, disclosure and circulating-supply management, and the supervisory framework for stablecoins.
Those issues are also set to intersect with upcoming discussions on the Digital Asset Basic Act. Debate is expected to continue over formalizing exchanges’ listing and delisting standards, as well as disclosure and circulating-supply management.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.