Page 2 - Digital Asset Basic Act News Today

S.Korea like the U.S. and Europe accepts cryptocurrencies and digital assets are here to stay and so regulations are needed to handle this new investment class.

South Korea announces the Digital Assets Committee, launches an investigation into payment gateways and meets with financial authorities from five countries in the Asia-Pacific region.

The paper says the South Korean government and financial regulators should step up oversight into some problematic digital assets. . Read more at straitstimes.com.

The Yoon administration is taking steps to legitimize crypto in South Korea.

Newly-elected president Yoon Suk-yeol announced that his government would push back the tax scheduled for 2023 in favor of consumer protections.

South Korea’s president-elect Yoon Seok-yeol announced plans to delay crypto taxation until there is sufficient legislation in place to protect consumers.