according toBitcoin.comAccording to reports, the South Korean government plans to moderately relax the regulations on cryptocurrencies in the country in accordance with the policies formulated by G20 countries. South Korean regulators also agreed to apply standards set by the Financial Action Task Force to its cryptocurrency policy.
according to
According to reports, the South Korean government plans to moderately relax the regulations on cryptocurrencies in the country in accordance with the policies formulated by G20 countries. South Korean regulators also agreed to apply standards set by the Financial Action Task Force to its cryptocurrency policy.
Fiscal policymakers in the G-20 countries decided to introduce the first step in a uniform code in July. The reason for this decision is that they believe that digital currencies are too small to endanger financial markets, and the total market value of cryptocurrencies is less than 1% of global GDP.
Previously, although the G-20 had classified cryptocurrencies as financial assets, the South Korean government had earlier classified cryptocurrencies as non-financial products due to their speculative nature.Taking these factors into consideration,
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