South Korea Officially Recognizes Cryptocurrency Exchanges

It’s official!
South Korea recognises crypto exchanges!

South Korea Officially Recognizes Cryptocurrency Exchanges

UNVEILING ‘CRYPTOASSET EXCHANGES AND BROKERAGES’

As local news outlet The B-Chain reports, new “classification” of Blockchain-related industries means exchanges are now considered “cryptoasset exchanges and brokerages.” Previously, as local commentator Joseph Young notes, lawmakers treated them as “communications vendors.”

Blockchain platforms such as Ethereum and EOS will be known approximately as “Blockchain-based software supply and development businesses.”

Various “subdivisions” will……

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