South Korea Likely to Unwind Cryptocurrency Rules to Coordinate with the G20 Directives

South Korea Likely to Unwind Cryptocurrency Rules to Coordinate with the G20 Directives
фото показано с : bitcoints.com

2018-7-7 11:48

Earlier this year, top financial heads of the G20 country had a discussion for cryptocurrencies and their role in the global economy.
At that time, the leaders pledged for having “unified regulations” towards the functioning of digital currencies.
South Korea, a member nation of the G20 is now planning to relax some laws and rules to cooperate with the G20 directives.
The FSC has recently unveiled new anti-money-laundering and know-your-customer rules for crypto exchanges which will come into next week onwards from July 10.
We believe an increase in adoption will come when crypto-assets can be used as actual currencies rather than just speculative investments.”

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