Yuri Molchan

South Korea Considers Licensing Bitcoin Exchanges

The South Korean government is considering a licensing system for exchanges similar to New York's BitLicense. They will use New York’s BitLicense as a benchmark
South Korea Considers Licensing Bitcoin Exchanges

According to BusinessKorea, The South Korean government is considering a licensing system for cryptocurrency exchanges that is similar to New York's BitLicense. South Korea says they will use New York’s BitLicense as a benchmark, and that a system like New York’s BitLicense is capable of merging cryptocurrency with the traditional banking and finance system. 

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