A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including derivatives, listing bitcoin on the country’s stock exchange, and more.
Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws
Presidential Committee Pushes for Pro-Crypto Measures
The South Korean Presidential Committee on the Fourth Industrial Revolution, directly under the president, has proposed a number of pro-crypto measures to the government. The committee urges the government to integrate cryptocurrency into the country’s financial system, thus allowing financial institutions to directly handle and offer a wide range of crypto-focused products. The proposals are outlined in a document the committee recently…