South Korea takes regulatory steps to ensure the safe operation of the cryptocurrency market. Here are some key points about South Korea's policy towards cryptocurrencies ¹:

- *Government Regulation*: The Financial Services Commission of South Korea has issued a proposal requiring new executives at cryptocurrency companies to obtain approval from the regulatory authority before assuming their roles.

- *Improving the Verification Process*: The proposal aims to improve the verification process for executives to ensure they can perform their duties effectively.

- *Market Protection*: South Korea seeks to find a balance between market protection and promoting economic growth in the digital currency sector.

- *Public Scrutiny*: The increasing interest in cryptocurrencies has led to greater public scrutiny of this sector, prompting the government to take proactive regulatory measures.

- *Regulations and Laws*: South Korea is implementing several laws and regulations to ensure the safe operation of the cryptocurrency market, including requirements for reporting suspicious activities.