🚨 Governments around the world are increasingly seeking to enclose and control the crypto ecosystem 🚨
📅 On June 1, new regulations for cryptocurrency exchange platforms came into effect in South Korea.
👨🏻⚖️ Supposedly, this is aimed at improving market oversight. These rules seek to control the circulation of tokens and strengthen measures against money laundering, but we all know that governments want to control even the air we breathe.
🗜️ They claim that special attention will be paid to preventing market manipulation through more rigorous listing procedures. Additionally, non-profit organizations will face greater scrutiny in the management of token circulation.
🪝 For their part, platforms will need to improve transparency in their operations and comply with established circulation limits to mitigate risks associated with fraudulent schemes.
📑 With these measures, the South Korean government aims to balance innovation in the crypto sector with investor protection and regulatory compliance (which they themselves have imposed).
❓ Control and more control... What do you think about this?
