FIU: "Further inspection needed on sharing order books with overseas exchanges"

Park Gwang, head of the Financial Intelligence Unit, stated that additional inspection is needed regarding the sharing of overseas order books by virtual asset (cryptocurrency) exchanges, which has recently become a hot topic in the industry.

On the 20th, during a National Assembly hearing of the standing committee on state affairs, Lee Heon-seung of the People Power Party asked Park, "Bithumb is sharing order books with overseas exchanges, and financial authorities are conducting on-site inspections. With 3.8 million domestic users and annual trading volume reaching 605 trillion won, is it realistically possible to check and record overseas customer information daily?" Park replied, "Regulations require that, but in reality it is difficult."

When Lee also asked, "Binance acquired Gopax — has the order book sharing been approved?", Park said, "There has been no discussion on that to date," adding, "Customer verification has also not been discussed, so we will review it closely in the future."