Bitcoin

South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges


South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges

The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services.

Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License

Bitlicense Comes to Korea

The South Korean regulators are considering introducing an approval system for cryptocurrency exchanges, Business Korea reported. An official participating in the government’s virtual currency…

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