THELOGICALINDIAN - South Korea is continuing to legitimize and embrace cryptocurrency through a accurate and advised approach
On May 19, Bitcoinist appear that Korean regulators had agreed to apply the G20’s set of “unified regulations” in commendations to cryptocurrencies. South Korea’s Financial Supervisory Service (FSS) declared at that time:
Now, The Korea Times has reported that the country’s regulators are absolutely set to affluence regulations apropos cryptocurrencies — as the Financial Services Commission (FSC) has revised its guidelines for cryptocurrency barter operators.
One official told the oldest English-language bi-weekly in South Korea:
Another official stated:
The government’s attitude and accomplishments appropriately far announce an absorption in auspicious blockchain technology and the advance of cryptocurrencies, but not at the amount of assurance and security. Stated one barter admiral official:
The address comes anon afterwards South Korea confused to recognize cryptocurrency exchanges as acknowledged entities in their own appropriate for the aboriginal time, cementing their position in the bounded economy.
Seoul-based technology journalist Kim Byeong-yong also told The Korea Times that boilerplate acceptance is acceptable advancing to South Korea in the future, explaining:
What do you anticipate about South Korea’s authoritative attitude apropos cryptocurrencies and blockchain technology? Do you anticipate boilerplate acceptance is in the cards? Let us apperceive in the comments below!
Images address of Shutterstock, Bitcoinist archives.
