The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets.

According to a Thursday report from South Korean news outlet Edaily, Financial Services Commission chair Kim Joo-hyun said a task force consisting of private experts and government ministries will “quickly” review proposed legislation on cryptocurrencies. Kim, addressing the Digital Assets Committee, added that the financial watchdog would “make institutional supplements that will take a balanced approach to blockchain development, investor protection and market stability.”

“Even before legislation, we will introduce self-regulation efforts for the industry and do our best to protect investors,” said Kim. “Efforts are being made internationally to stabilize the education system and reduce the risk of consumer protection without impeding technological development.”

The financial watchdog chair’s comments