Korea Starts On-Site Inspections of Bitcoin Exchanges
South Korea’s Ministry of Science and ICT and Korea Communications Commission reportedly announced that they will conduct on-site inspections of cryptocurrency service providers including bitcoin exchanges. They will focus on the cybersecurity of these providers and their compliance with privacy laws.
On-Site Inspections
The Korea Communications Commission and the Ministry of Science and ICT announced on Tuesday that they will cooperate to conduct on-site inspections of bitcoin exchanges, according to local publications. Zdnet Korea elaborated:
The Korea Communications Commission (KCC) plans to conduct on-the-spot checks on the implementation of technical and administrative safeguards for personal information pursuant to the Act on the Promotion of Information and Communication Network Utilization and Information Protection, and to strictly rectify any violations.
Read the full article here:
https://news.bitcoin.com/korea-on-site-inspections-bitcoin-exchanges/
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