REGULATIONS

South Korea won’t be banning crypto!

On January 15 during the open press conference the press secretary of Administration of the President of South Korea Jeong Ki-Joon has confirmed information that the authorities of the country aren’t going to forbid trade in cryptocurrencies in the near future.

In the official statement of Jeong have reported that the government has created the specialized working group whose task will be processing the offer of the Ministry of Justice supporting a total ban of cryptocurrency trade, and creation of regulatory requirements which will regulate the relations in the market of digital assets.

Large South Korean trading platforms, including Bithumb and Korbit, were positive to new offers of the government. The representative of Bithumb in a conversation with Yonhap News has noted that the last legislative initiatives will allow to make the market of cryptocurrencies more transparent, honest and stable.

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blockchain, ICO, bitcoin, ethereum, mining

REGULATIONS


South Korea won’t be banning crypto!

Published by blockchain, ICO, bitcoin, ethereum, mining