Crypto-Follow logo Crypto-Follow logo
Cryptopolitan 2019-11-26 20:13:07

South Korea passes crypto bill: Regulates crypto to promote growth

South Koran National Assembly has passed a crypto bill that sets the foundation of crypto regulation in the country. South Korea passes a crypto bill regulating virtual currencies South Korea has decided to categorize virtual currencies as digital assets as they seek to increase crypto growth in the region. As reported by a local source, the National assembly has passed a bill to regulate crypto. The Financial Services Commission (FSC) believes that the bill would help them promote crypto growth while allowing them to keep things legal. The bill is designed to prevent illicit activities such as money laundering. The

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer