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South Korea’s financial regulator has revealed that it wants to introduce auditing guidelines for crypto-related firms – in response to the Terra-LUNC “incident” and the fall of FTX.<br />Crypto exchanges and a range of crypto firms are growing in South Korea. But the current system of accounting does not provide options for companies with crypto holdings. Per Asia Kyungjae, the regulatory Financial Supervisory Service (FSS) said it had created “a plan” to “support virtual currency accounting.” The FSS said it had drafted its initiative following talks with the Korea Accounting Standards Service and the Korea Institute of Certified Public Accountants (KICPA).

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【South Korean regulator set to launch crypto auditing guidelines】South Korea’s financial regulator has revealed that it wants to introduce auditing guidelines for crypto-related firms – in response to the Terra-LUNC “incident” and the fall of FTX.
Crypto exchanges and a range of crypto firms are growing in South Korea. But the current system of accounting does not provide options for companies with crypto holdings. Per Asia Kyungjae, the regulatory Financial Supervisory Service (FSS) said it had created “a plan” to “support virtual currency accounting.” The FSS said it had drafted its initiative following talks with the Korea Accounting Standards Service and the Korea Institute of Certified Public Accountants (KICPA).

South Korean regulator set to launch crypto auditing guidelines

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