South Korea Debates ICO Regulations And The Proposal Of Developing A Local Crypto Valley
South Korean regulators have lengthened the congressional session until late-August to discuss a set of bills in which ICOs (Initial Coin Offering) are a priority issue, BusinessKorea reported. According to the news agency, the regulators will debate the…
Korea Blockchain Enterprise Promotion Association Demands Cryptocurrency Regulations, Including Blockchain And ICOs
The newly formed Korea Blockchain Enterprise Promotion Association has urged the South Korean Government to adopt cryptocurrency regulations and to legislate the blockchain technology across the country, according to the local Korea Joongang Daily press agency. The blockchain…
Cryptocurrencies Are Not A Threat To Traditional Financial Markets, Bank Of Korea Stated
According to the South Korean central bank, the Bank of Korea (BOK), the outstanding balance of cryptocurrency accounts at the national banks amounted to $1.79 billion in December 2017, the local news agency Yonhap reported. The BOK report…
South Korea Legitimizes The National Blockchain Sector With New Classification Standards
The South Korean government is in the process of issuing significant new industrial classification standards for the national blockchain and cryptocurrency sectors, as reported by the national newspaper The BChain today, July 5th. South Korean government works on…