South Korea will revise their attitude to cryptocurrency

South Korean officials intend to revise the existing regulatory framework regulating cryptointura.

High-ranking officials believe that the country should change its policy with regard to virtual currencies to facilitate the growth and development of this market. They also emphasized the importance of creating a platform where companies, financial organizations and government structures could communicate and jointly develop relevant guidelines.

Co-Chair of the National Assembly of South Korea Son Chi Ken said that the government initially misunderstood cryptocurrency, so I tried to apply existing currency standards to it, which led to various problems. However, the industry continues to develop, so it should not be supplied to its growth.

Local media report that the legislators confirmed their intentions to promote the development of crypto industry and the blockchain, but they believe that they should be careful and adhere to a conservative approach in managing the technological industry.

Previously, South Korea is not only