Velilix
--
#SouthKoreaCryptoPolicy
My dear! Let's talk a little about crypto politics in South Korea, a country that, although it is on the other side of the world, always sets the pace in technology and finance!
South Korea, with its advanced economy and highly connected people, could not fall behind in the universe of #Criptomonedas . Its stance is, let's say, one of regulated elegance. They are not the type to ban everything outright, not at all! They seek a balance between innovation and investor protection, which, as we know, is very important in the crypto world.
They have implemented the #leydeproteccionalusuariodeactivosvirtuales Virtual Assets User Protection Act, which came into effect on July 19, 2024. This is to prevent young people (or not-so-young people) from falling into scams or manipulations. They want investments to be made with seriousness and transparency, that #exchanges are super responsible with people's money and that illegal transactions are out of the question!
Furthermore, they are looking at how to integrate cryptocurrencies into the financial system in a more formal way, even considering the famous Bitcoin ETFs and exploring their own stablecoins backed by the won. It is a step forward, without a doubt! So, although they are strict, the idea is for the ecosystem to grow in a safe and controlled manner, as it should be.
My dear! Let's talk a little about crypto politics in South Korea, a country that, although it is on the other side of the world, always sets the pace in technology and finance!
South Korea, with its advanced economy and highly connected people, could not fall behind in the universe of #Criptomonedas . Its stance is, let's say, one of regulated elegance. They are not the type to ban everything outright, not at all! They seek a balance between innovation and investor protection, which, as we know, is very important in the crypto world.
They have implemented the #leydeproteccionalusuariodeactivosvirtuales Virtual Assets User Protection Act, which came into effect on July 19, 2024. This is to prevent young people (or not-so-young people) from falling into scams or manipulations. They want investments to be made with seriousness and transparency, that #exchanges are super responsible with people's money and that illegal transactions are out of the question!
Furthermore, they are looking at how to integrate cryptocurrencies into the financial system in a more formal way, even considering the famous Bitcoin ETFs and exploring their own stablecoins backed by the won. It is a step forward, without a doubt! So, although they are strict, the idea is for the ecosystem to grow in a safe and controlled manner, as it should be.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0