#SouthKoreaCryptoPolicy

🚨📣: Health technology company Know Labs plans to buy 1,000 Bitcoins, worth approximately $105 million, and acquire a controlling stake from fintech investor Greg Kidd.

- Kidd will become the next CEO of Know Labs upon completion of the deal. This move comes as a growing number of public companies are storing their reserves in cryptocurrencies, following the success of the software company Strategy's Bitcoin holding strategy.

- The United States is also adopting virtual tokens as reserve assets amid pro-cryptocurrency regulatory reform.