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

Tue, 13/02/2018 - 14:04

South Korea Considers Licensing Bitcoin Exchanges

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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.

#Cryptocurrency exchange

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.