[Reporter s Notebook] FSC head under fire for controversial comment on cryptocurrency
Posted : 2021-04-25 17:01
Updated : 2021-04-25 17:08
Financial Services Commission (FSC) Chairman Eun Sung-soo, right, speaks during a parliamentary committee meeting at the National Assembly in Seoul, last Thursday. Yonhap
By Anna J. Park
Financial Services Commission (FSC) Chairman Eun Sung-soo s recent comments on the cryptocurrency investment frenzy not only triggered a backlash from investors, but also stupefied those who expected a more insightful perspective on cyber money from the chief financial regulator. I don t think it is the right path to jump on the bandwagon of recklessly buying a digital asset that s fluctuating more than 20 percent a day. If the young generation takes the wrong path, it is elders obligation to correct them and tell them it is wrong, FSC head Eun said during a parliamentary committee meeting held last Thursday.