South Korea is Preparing to Regulate and Legalize Bitcoin

in #bitcoinprice7 years ago (edited)

One of the bills will look at revising the existing Electronic Financial Transactions Act in order to mandate regulatory approval for cryptocurrency transactions, according to the report. In effect, this would mean that traders and even companies engaging in cryptocurrency transactions would be under the purview of the South Korean government.

Source: https://www.cryptocoinsnews.com/south-korea-preparing-legalize-bitcoin/

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Interesting how its the asian countries that have moved first to recognize and legalize bitcoin. They will benefit from their foresight

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