The South Korea taking their move on regulating Bitcoin.
The governments stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:
"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."Read the full report:
https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/That is promising news. The South Korea government is smart to take such action. It will protect bitcoin owners from scammers, hackers and give them more safety and confidence.
Sure that many of the countries will soon follow the example of South Korea. This is a country with the great technologies, and Bitcoin will help it to even more prosperous.