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. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Cryptocurrency Market Update: Bitcoin struggles at $9,300, while altcoins on the run

BTC/USD attempted to settle above $9,300 during early Asian only to retreat to $9,280 by press time. The first digital asset has been hovering around the key level for the best part of the day, but the upside momentum is nowhere to be seen.

More Bitcoin News

Ripple Technical Analysis: XRP/USD bulls jump the price above the $0.2–level

XRP/USD bulls stayed in control of the market for the third straight day as the price went up from $0.1852 to $0.2050. The Elliott Oscillator has had seven straight green sessions. The RSI has entered ...

More Ripple News

XTZ/USD gains over 7%, bumps into daily SMA50

Tezos (XTZ) is moving within a strong bullish trend. The coin hit the recent high at $2.66 and the upside momentum is gaining traction. XTZ is now the 13th largest digital asset with the current market value of $1.94 billion. 

More Tezos News

Cardano Chart Update: ADA/USD starts correction after 25% price increase

Cardano (ADA) has been one of the best-performing altcoins in recent days. The coin gained over 85% of its value in ten days and ousted Bitcoin SV from the sixth place in the global cryptocurrency market rating.

More Cardano News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast

BTC

ETH

XRP