Many governments treat crypto-currencies in different ways. They are forbidden somewhere, they see a threat in them, they work out the laws somewhere to be able to regulate the activity of the miners and crypto-exchange exchanges. And in South Korea decided to go the other way and just agreed not to touch Bitcoin until it becomes a real currency.
"The financial regulators and authorities of South Korea do not intend to interfere in the bitcoin trade and take control of the crypto-exchange exchanges, while Bitcoin does not have the status of the official currency, it is not going to regulate it," the head of South Korea's financial service Chloy Hong-tsik told the Korea Times.
The head of the financial service compared the trade in crypto-currency with the casino, admitting that the miners and traders are risking their savings, but noted that although there may be problems with excessive gambling, this does not mean that the financial service should monitor the casino.
It is interesting that the casino was likened by the former Minister of Finance of the Russian Federation, the head of the Center for Strategic Research Alexey Kudrin, but, citing this example, he warned Russian citizens, noting that many can lose their money irrevocably.
In this case, the trade in crypto currency in South Korea is monitored, but to interfere with the process and control it directly will only after digital tokens are recognized as a legitimate currency and a full payment means.
Against the backdrop of these statements, the owners of crypto-exchange farms and exchanges were finally able to relax, because in September of this year the authorities of South Korea were considering the possibility of freezing the trade in crypto currency, following the example of China.
To envy the miners and traders of South Korea can be in our cozy telegram-chatika. !!
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