South Korea’s Financial Supervisory Service will be questioned by the National Assembly on October 11 on abnormal foreign exchange remittances involving cryptocurrencies in the financial sector

According to the Korea Economic News, the Korean Financial Supervisory Service will accept the State Affairs Committee of the National Assembly’s Political Affairs Committee on October 11. The core issue is "abnormal foreign exchange remittances in the financial sector." Foreign exchange remittance transaction for arbitrage of virtual assets (cryptocurrency) on the account. At the same time, we will continue to observe whether there are similar transactions in the financial world. Some people also question whether some funds are remitted to North Korea. The scale of foreign exchange remittances above the banking circle confirmed by the Financial Supervisory Service so far is 7.22 billion U.S. dollars. Recently, the futures company NH found that The abnormal foreign exchange remittance transactions of US$5.04 billion have been reported, and the situation is spreading from the banking industry to the entire financial industry.