RATE Group | Korea’s Presidential committee making efforts to legalize cryptocurrency
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Korea’s Presidential committee making efforts to legalize cryptocurrency

02 Nov Korea’s Presidential committee making efforts to legalize cryptocurrency

Posted at 04:09h in Cryptocurrency News by

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  • The Korean Presidential Committee wants to keep Korea at the forefront of blockchain technology. 
  • The committee urges the government to improve regulatory procedures.

On the fourth Industrial Revolution, Korea’s Presidential Committee suggested that the Korean government should make cryptocurrencies legal. According to the committee, this will help the country in remaining at the forefront of innovation in the sector. 

As per local reports, the committee stressed on the significance of blockchain technology in the upcoming fourth industrial revolution. The committee remarked that the regulatory procedures in the country should be improved to boost innovation, including those that develop cryptocurrencies. The committee said: 

The government should secure legal status for crypto assets as soon as possible, and seek tax and accounting measures for them.

The committee made the declaration at the fourth Industrial Revolution Global Policy Conference. It…

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