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South Korean Regulator ‘Not Meeting SEC to Talk About Crypto’s Securities Status’

A top South Korean financial regulator has denied reports claiming it is set to cooperate with the United States on efforts to classify certain cryptoassets as securities.

Per Hanguk Kyungjae, the South Korean Financial Supervisory Service (FSS) stated that reports that it was planning to meet the US Securities and Exchange Commission (SEC) to determine the securities properties of cryptoassets were wide of the mark.

The FSS conceded that a number of key officials were hoping to travel to Washington, where they would indeed meet the SEC. But the FSS said that crypto would not be on the meeting agenda.

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