South Korean Lawmakers Urge Government to Improve Blockchain and Crypto Regulation – [Webvoice.gr]

   2019-04-17 02:04

Because of high cryptocurrency usage and adoption rates, Asian countries like China, Japan, and South Korea, where few of the first to introduce regulations meant to control the growing industry. Digital currency enthusiasts in South Korea believe that the current regulations are bound to restrict the development of the crypto industry. Because of this, several South Korean lawmakers have urged the government to improve the regulatory framework and restrictions associated with both digital currencies and blockchain technology. According to the lawmakers, the current framework is not only conservative, but also damaging to the social and economic potential of the market. The announcement was made via a speech held at the South Korean National Assembly, where Min Byung-doo, who is a representative of the Democratic Party, mentioned that: “The government said it would lower regulation barriers, but cryptocurrency and blockchain are not…




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Ethereum270.12 0.16 % 1.11 % 3.67 %
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Binance Coin34.83 0.51 % 0.27 % 0.32 %
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Stellar0.1242 0.19 % 0.76 % 1.98 %
TRON0.03352 0.18 % 1.08 % 0.12 %
LEO Token1.860 0.25 % 0.44 % 5.59 %
Monero101.88 0.63 % 3.62 % 12.56 %
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Dash162.01 0.45 % 1.79 % 3.31 %
IOTA0.4365 0.51 % 0.96 % 0.14 %
NEO13.68 0.22 % 1.60 % 6.36 %
Huobi Token3.740 0.48 % 6.80 % 10.51 %
Tezos1.190 0.94 % 3.72 % 6.18 %