South Korea Considers Licensing Bitcoin Exchanges

News
Tue, 02/13/2018 - 14:04
Yuri Molchan
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
Cover image via U.Today

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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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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