Non-security tokens - which include cryptocurrencies like bitcoin and ether - are currently regulated under narrow Korean anti-money laundering regulations outlet that strives for the of which are enforced by the FSC.
Indeed, regulators and politicians around executive cryptocufrency on crypto issued.
The new legislation applies to Virtual Asset Service Providers VASPs who engage in the following commercial activities: selling and purchasing cryptocurrencies crypto-to-crypto transfers transmitting cryptocurrencies the administration or keeping of virtual assets Cryptocurrency exchanges , custodian wallet providers, and Initial Coin Offering ICO projects are all involved in these operations. Approved initiatives so far compel companies and public figures to disclose crypto holdings. Go to Report. Cryptocurrencies are stateless investments that appeal to South Korean investors wary of the political climate and their proximity to the threat posed by North Korea. South Korea has long been an early adopter of new technology, and the culture is such that people are quick to embrace new technological innovations and opportunities.
