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Controversy Arises as South Korean FSC Chairman Candidate Invests in Strategy and Publicly Questions Bitcoin Value
Summary: According to Cryptonews, South Korean Financial Services Commission (FSC) chairman candidate Lee Eun-young has faced criticism from lawmakers for investing in stocks of Bitcoin-friendly US company Strategy. During a confirmation hearing at the National Assembly on September 2, Lee stated that he purchased blue-chip US stocks to understand investor sentiment. FSC is South Korea's top ...
According to Cryptonews, South Korean Financial Services Commission (FSC) chairman candidate Lee Eun-young has faced criticism from lawmakers for investing in stocks of Bitcoin-friendly US company Strategy. During a confirmation hearing at the National Assembly on September 2, Lee stated that he purchased blue-chip US stocks to understand investor sentiment. FSC is South Korea's top financial regulatory body with final authority over the country's crypto regulations. Lee's investment portfolio also includes stocks of Nvidia and Tesla, which is seen as contradictory to President Lee Jae-myung's policy of revitalizing the domestic stock market. Additionally, Lee has faced criticism from the crypto community for his comments on the value of crypto assets, stating that Bitcoin and other cryptocurrencies have 'no intrinsic value' and expressing reservations about discussions on the government and pension funds potentially being allowed to introduce strategic Bitcoin reserves.
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Link: Controversy Arises as South Korean FSC Chairman Candidate Invests in Strategy and Publicly Questions Bitcoin Value [Copy]
