South Korea Is About to Present New Regulations

South Korea Is About to Present New Regulations

South Korea’s legislature is developing new rules on cryptocurrency, Initial Coin Offerings (ICOs) and Blockchain technology. Lawmakers will introduce drafts of the bills at an extraordinary session of the National Assembly between July 12 and 26. 

A representative of the leading opposition Liberty Party Korea (LPK) Song Hee-kyung has initiated the regulations to prevent personal data leaks and cybercrimes, including money laundering. The ruling Democratic Party of Korea and opposing Bareun Mirae Party will introduce their respective bills concerning cryptocurrency and crypto exchanges, too. 

 

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