South Korea is currently working on regulations for digital assets, including cryptocurrency trading, to regulate the volatile industry. However, there is a disagreement between the Financial Services Commission (FSC) and the central bank over access to data from cryptocurrency platforms. The FSC has agreed to the central bank's request for access to data from crypto companies, but the dispute may arise again. South Korea has a significant cryptocurrency market, with around 10% of the population invested in cryptocurrencies, and the central bank is concerned about the potential impact on financial stability. The digital asset industry welcomes regulatory clarity, but is worried about excessive regulations if financial authorities continue to dispute who is in charge. South Korea plans to complete its crypto regulatory framework in two parts, with an emphasis on consumer protection and standardizing the issue of crypto tokens and disclosure of information to investors.