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Cryptopolitan 2020-01-09 01:59:30

South Korean Bitcoin legislation by PCFIR to boost crypto adoption

South Korean Bitcoin legislation has been drafted to increase its mainstream adoption. South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is of the view that appropriate legislation must be prepared and implemented to ensure that next-gen fintech solutions like distributed ledger technology and cryptocurrencies are promoted. South Korean Bitcoin legislation will focus on bringing cryptocurrency-friendly reforms that will help shun traditional financial practices. The PCFIR will help draft suitable cryptocurrency regulations in South Korea so that both conventional and crypto sectors co-exist in harmony. Reportedly, authorities in the south Asian country still view cryptocurrency with skepticism due to

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