South Korean Officials To Develop New Cryptocurrency Exchange & Blockchain Regulations

South Korean Officials To Develop New Cryptocurrency Exchange & Blockchain Regulations

The Korea Times reported today that South Korean regulators are finalizing drafts of bills intended to develop a set of rules on cryptocurrencies, blockchain technology, and initial coin offerings (ICO’s).

South Korea lawmakers will introduce the draft as an extraordinary session of national assembly which is going to Take Pl., July 13th through 26. According to Korea times, representative Song Hee-Kyung, of the Liberty Party Korea is calling for regulations on crypto trading platforms in order to prevent money laundering, personal data leaks, and cyber crimes.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

South Korean officials are reportedly planning to present new regulatory bills on the legal status of digital currencies and the legal requirements for cryptocurrency exchanges. Many officials are calling for more security measures for cryptocurrency exchanges with regard to the recent string of crypto hacks.

As of recent, South Korean regulators have been gradually changing their stance towards cryptocurrency. Last month, the government announced that they plan to reverse the ICO ban which they initially enacted back in September of 2017.

The South Korean Ministry of Science And Technology also strengthened their cooperation with the US in order to advance the “Fourth Industrial Revolution” powered by blockchain technology.

Leave a Comment

Latest Crypto News

CoinMarketCap Removes Volume Requirement for Cryptocurrency Exchanges

CoinMarketCap Removes Volume Requirement for Cryptocurrency Exchanges

CoinMarketCap Removes Volume Requirement for Cryptocurrency Exchanges CoinMarketCap, the cryptocurrency data aggregation site, recently removed their volume requirements for crypto exchange listings on their platform, citing data transparency and clarity concerns. The giant cryptocurrency portal

JPMorgan Wants to Use Blockchain to Issue ICO Tokens

JPMorgan Pursues Blockchain Patent to Issue ICO Tokens

JPMorgan Pursues Blockchain Patent to Issue ICO Tokens American investment banking giant JPMorgan Chase is pursuing a patent for a distributed system that uses blockchain technology to issue virtual depository receipts that sound suspiciously like

IBM Backs Dollar Pegged Stablecoin on Stellar Network

IBM Backs Dollar Pegged Stablecoin on Stellar Network

IBM Backs Dollar Pegged Stablecoin on Stellar Network The San Francisco-based financial institution, Stronghold, has been developing a trade-in payment ecosystem which is launched an asset backed token on the stellar network. Buyers will be

The Fastest Cryptocurrency Transaction Speeds for 2018

The Fastest Cryptocurrency Transaction Speeds for 2018

The Fastest Cryptocurrency Transaction Speeds for 2018 The development of blockchain technology and cryptocurrency in general have everything to do with the inadequacies of the current financial system. Consumers are sick and tired of the

Wells Fargo Files Patent for Tokenization System to Protect Data

Wells Fargo Files Patent for Tokenization System to Protect Data

Wells Fargo Files Patent for Tokenization System to Protect Data San-Francisco-based bank Wells Fargo has outlined a patent for a tokenization system that would protect data, according to a filing published by the U.S. Patent and Trademark Office (USPTO)

Bitmain Opens 20,000 Square Foot Office in Silicon Valley

Bitmain Opens 20,000 Square Foot Office in Silicon Valley

Bitmain Opens 20,000 Square Foot Office in Silicon Valley The cryptocurrency industries largest crypto mining company, Bitmain, just opened their new office in Silicon Valley ahead of its planned Initial Public Offering (IPO) later in

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$7,441.09
1.53%
2
Ethereum
Ethereum
$463.80
0.83%
3
XRP
XRP
$0.4530
0.83%
4
Bitcoin Cash
Bitcoin Cash
$789.78
2.40%
7
Litecoin
Litecoin
$83.747
1.47%
8
Cardano
Cardano
$0.1685
3.64%
6
Stellar
Stellar
$0.2963
7.45%
12
NEO
NEO
$34.031
2.65%
5
EOS
EOS
$8.090
2.30%
9
IOTA
IOTA
$0.9979
1.73%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World

 

Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK