South Korea: Regulators to discuss crypto regulations

South Korea Regulators to discuss crypto regulations

The South Korean government is yet to introduce regulations covering crypto exchanges and the ICOs. Reportedly, there are more than five crypto bills before the National Assembly. Recently, a lawmaker, Park Yong-jin of the Democratic Party has suggested a modification to the Electronic Financial Transaction Act covering the cryptocurrencies and ICOs. The bill also defines trading, brokerage, and management.

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