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Topic: [2017-07-04] South Korea Sets Up Task Force to Determine if Bitcoin Needs Regula (Read 2689 times)

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Following Rep. Park Yong-jin’s announcement of a proposed bill to provide a legal framework for digital currencies like bitcoin, South Korea has now set up a task force to determine if bitcoin should be regulated.

Task Force Set Up

Bitcoin.com recently reported on Rep. Park Yong-jin of the ruling Democratic Party of South Korea preparing a bill that will provide bitcoin, ethereum, and other digital currencies with a legal framework.

Following lawmaker Park’s efforts towards digital currency legislation, Business Korea reported that the South Korean Financial Supervisory Commission is taking a prudent approach. According to an official of the Commission:

        "Currently, a relevant task force team is studying overseas cases to determine whether or not regulations are needed. Nothing has been decided about the legislation of a bill about virtual currency."

https://news.bitcoin.com/south-korea-task-force-bitcoin-regulations/
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