South Korea is going to the granular level
South Korea is the biggest Cryptocurrency market. Most of the Cryptocurrency trades are done from South Korea, Japan and USA. Recently, South Korea is becomes critical on Cryptocurrency. Just a few months back, It was rumored that South Korea is going to ban Cryptocurrency and Cryptocurrency exchange. As a results whole Cryptocurrency market plunge to a new low.
South Korean Crypto community was dissatisfied. Government officials had to come forward and clarifies the issue of Cryptocurrency banning. President spokesperson said that they are not going to ban Cryptocurrency. Moreover, They will encourage and help the devlopment of blockchain technology. But they will prevent any attempt to manipulate and doing illegal activities through Cryptocurrency.
After that government regulatory agency are quite active to implement new rules and regulations. In a sense, It is quite good for the community. Cryptocurrency hacking is a common incidence. Government is trying to prevent the incidence. Recently, A South Korean regulator has ordered 12 of the country's cryptocurrency exchanges to revise their user agreements.
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