Korean Regulators' Stance on Bitcoin Spot ETX Sparks Legal Debate

The Virtual Asset User Protection Act, which regulates the virtual asset market, will take effect this year. Some are calling for a bill to foster the industry that goes one step further than regulation. Ohoon Kwon, partner attorney at Cha & Kwon Law Offices, reiterated that “the first phase of the bill goes against the global trend by containing only high-intensity regulations, so there should be legal efforts to support competitive and innovative companies.”

URL : Korean Regulators’ Stance on Bitcoin Spot ETX Sparks Legal Debate