Post
Topic
Board Bitcoin Discussion
South Korea bans venture capital companies from investing in digital exchages
by
anitalxy
on 20/08/2018, 07:13:11 UTC
                           
South Korea bans venture capital companies from investing in digital currency exchanges.
     According to News.mt.co.kr,The South Korean government classified the digital currency exchange as a fortunate profit-making industry and prohibited venture capital companies from investing.
    The government defines virtual currency exchange as a gambling business and excludes it from venture capital investments.
    Some analysts pointed out that this may indicate that the South Korean government believes that digital currency exchanges will have a greater negative impact on society than on the development of the blockchain market.

    How do you see this news? Huh Huh