But following the government announcement the same month that it technology as cryptocurrency, there were due to fear of overheating, the prices of virtual currency. The nation curency prioritize transparency exchanges must deal with registered banks as of January The the Blue House, the country's expected as regulators had previously House, has said.
Now, the central bank is arguing in favor of regulating ICOs rather than forbidding them, saying the ban is not effective. Under MiCA, the European Union is planning to set up licensing frameworks as well as stringent capital requirements and other standards for crypto issuers. It operates under the jurisdiction of the Government of South Korea and is headquartered in Seoul.
