South Korean officials are considering a revision of existing regulatory frameworks regarding digital currencies, local media outlet ZDNet Korea reported on April 4.
Speaking at the Deconomy conference in Seoul, top government officials reportedly stated that the country has to re-evaluate cryptocurrency policies in order to facilitate the growth and maturity of the cryptocurrency market. One official outlined the importance of creating a place where the industry, financial institutions, and government-related organizations could communicate and jointly develop relevant guidelines. Song Hee-kyong, co-president of the 4th Industry Forum of the National Assembly, said:
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