The Financial Services Commission (FSC) of South Korea has announced plans to investigate transaction fees levied by local cryptocurrency exchanges.
Investigation Goals and Context
According to local media reports, the FSC will initiate a probe into the transaction fees imposed on users by domestic trading platforms. This initiative is part of the broader agenda of South Korea's new president Lee Jae-myung, who pledged to support young traders by reducing trading fees.
Comparison with Overseas Platforms
The FSC aims to examine whether the current fees at local exchanges are an excessive burden on users compared to overseas platforms. It is expected that a survey will be conducted to assess the current fee structures and their methodologies.
Plans and Prospects of the FSC
Currently, the FSC has not set a target commission rate and plans to establish policy standards based on comparative analysis of domestic and foreign exchanges and user preferences.
The investigation of transaction fees at South Korean crypto exchanges could lead to significant regulatory changes, potentially improving financial conditions for users.
