Choi Heung-sik, governor of the FSS, said the regulator – an executive arm of the Financial Services Commission – will make public any findings on the allegations of illegal trading of cryptocurrency by one of its staff members.
According to the Korea Times, Choi said:
“We’ve acknowledged allegations that an FSS official sold crypto-assets based on insider information before the government’s updated announcement to regulate the market. We are looking into this case.”
The news source also cited Hong Nam-ki, minister of the office for government policy coordination, as saying that policies on trading digital currencies vary between government offices, and it will take time to develop a unified policy on the matter.
Yonhap news agency also indicates that multiple staff may have been involved in insider trading…