DigitalDuke
Mon Jul 15 2024
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5 answers
880
How will South Korea regulate crypto & blockchain?
Given the increasing popularity and adoption of cryptocurrency and blockchain technology in South Korea, how does the government plan to regulate this emerging sector? Are there specific frameworks or guidelines being developed to ensure the stability of the financial system while fostering innovation? Will the regulation focus more on consumer protection or on promoting the growth of the crypto industry? Additionally, how will South Korea handle cross-border transactions involving cryptocurrencies and how will it cooperate with other countries in terms of regulation? Will there be any incentives or tax breaks for businesses involved in blockchain-related activities?
