We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies. - Korean Bar Association
Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?
I guess it's rather the second one...But still regulations are not always something bad. It will bring a lot of good into this sphere like new flow of money from institutional investors who are craving for regulation at the moment and are waiting for this moment to start acting on crypto market. And this will lead to a significant growth of the whole market and new wave of crypto hype =)