Prioritizing crypto operators hurts investor protection, says regulatory official

Park Yong-jin, vice chairman of South Korea's Presidential Committee for Regulatory Rationalization, has warned that prioritizing convenience for digital asset operators could undermine investor protection. Digital Asset reported that he made the comments during an appearance on the YouTube show 'JTBC Genreman Yeouido.' Park stated that while all financial businesses ask for autonomy, they cannot be allowed to operate without oversight. He added that incidents like the recent Bitcoin issue at Bithumb highlight the risks, noting that there are too many cases where favoring operators leads to a failure to protect investors.