South Korea Prepares Law on the Regulation of Cryptocurrence
Hello Steeeeeeeeeemitian:)
Rep. Park Yong-jin, a South Korean politician Democratic Party in Korea, to create revisions to a bill that will provide crypto currencies (bitcoin, ethereum, etc ...) a legal framework. , It was a long-awaited movement to protect the Korean people.!
This innovative law project will study the South Korea Electronic Legislation Act, which provides for a bill to regulate Cryptocurrencies' financial transactions. So traders, dealers, brokerages and other people in the ecosystem will now have to register with the Financial Services Commission in Korea. One of the registration requirements is that each business retains a capital value of $ 436,300. This bill will create a powerful legal regulatory environment that will allow authorities to protect themselves from tax evasion and other financial crimes in the cryptocurrent space.
No legal framework in South Korea for Bitcoin Trading; Political skepticism about Cryptocurrency....
source image : bit.ly/2tk4yWo
source article : http://bit.ly/2tFTpBx
Really interesting thank you !
Thank you ! Sometimes more regulations can be good for the economical environment , It can create trust for investors