Finance News

Story: Regulatory Climate in South Korea for Cryptocurrency is Already Tight – Binance will not…

By Dan Saada

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Guidelines were released by the SEC this week concerning the guidelines for companies who are looking to sell the digital tokens.

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Everyone is scared of the bureaucrats.  Many feel the SEC guidelines are terrible; however, they say that they will have to say nice things, failing which they may get…

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Rep. Warren Davidson (R-Oh), stated, “The market needs clarity. While the idea of guidance from the SEC is good, this guidance creates new questions.

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The regulatory climate in South Korea for cryptocurrency is already tight.  Despite this, the cryptocurrency market continues to flourish.

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Min Byung-Doo, chairman of Korea’s National Policy Committee stated that the need for strict regulation has already come to an end.

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If South Korea provides for the incubation required to help the cryptocurrencies flourish, the rest of the countries might follow in suit.

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Meanwhile Binance has stated that they might not have anything to do with companies who have not done anything about regulating their digital asset market. 

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Changpeng Zhao, the CEO of Binance have announced this during a conference in Korea.  Zhao further stated that he was ready to co-operate with jurisdictions who have…

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Binance further expressed their preference to work with countries whose regulations are well defined.

The Currency Analytics

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