South Korea to promote cryptocurrency trading following a new bill introduction

  • South Korea to allow the promotion and development of cryptocurrency trading in the country.
  • The bill is named Digital Asset Trading Promotion Act, introduced by a legislator, Kim Sun-dong,

A bill will be introduced to promote cryptocurrency trading. It would facilitate the promotion of cryptocurrency exchange developments. Further proposing that a new committee be established in order to support and promote crypto operations.

This legislator, Kim Sun-dong, is further giving a green light to cryptocurrency trading. It is also worth of note, he is a member of the Political Committee of South Korean National Assembly. There is substance behind his intentions.

Noting that he executed the bill named Digital Asset Trading Promotion Act. This details all the guidelines that would need to be used in the market, ultimately, assisting with the development and promotion of crypto and blockchain technologies. 

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