South Korea financial regulator heads to SEC to talk crypto rules
• South Korea's Financial Supervisory Services head plans to visit the U.S. SEC to discuss crypto regulation with Chair Gary Gensler
• The visit aims to share insights into the crypto market and align on strategic regulatory approaches
• It comes as South Korea works to bolster its crypto regulatory framework amid plans to implement robust regulations by July 2024
• Gensler believes most cryptocurrencies except Bitcoin should be considered securities, adding complexity
• South Korea recently strengthened crypto exchange rules around required reserve holdings, now at least $2.26 million