As far as I know the Korean government recognizes cryptocurrency as the legitimate industry
In some cases, the Financial Services Commission and Financial Supervisory Services have admitted that the government does not want to regulate the money market because it fears domestic investors will understand that it is the way Legalization of the government's electronic money market.

However, after consecutive security and offensive incidents, the Korean government realized that it was time to regulate the market and disclose the plan to regulate the electronic money exchange platform as well as the bank. to protect investors and their property.

The introduction of new anti-money laundering rules aimed at the Korean government's electronic money exchange platform is seen as the first step by the authorities to regulate the country's electronic money market. properly.

In the coming months, local governments will work with both banks and exchanges to better structure the market.