South Korea To Allow Bitcoin Firms For International Money Transfer
The South Korean government gives green signal to bitcoin firms for international money transfer. The government will soon issue permits to FinTech firms to transfer small funds in bitcoin. Single transfer via a FinTech firm will be limited to $3000 or less. Every single account holder will not be allowed to transfer more than $20,000 in a financial year. About 40 FinTech firms will reportedly launch international money transfer services in South Korea on August 15.
This is great news. Glad to see South Korea showing vision.
Yeah, Indian government too thinks to regulate cryptocurrency soon.
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