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?
Yes, this will bring confidence to cryptocurrency, but this will give birth to government regulations in its use. But the question is the extent to which the government is able to control this problem, because the use of cryptocurrency is anonymous.