Leaked report: South Korea to establish crypto framework by 2024

Leaked report: South Korea to establish crypto framework by 2024

The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research. The administration of the newly-elected President of South Korea, Yoon Suk-yeol, wastes no time in its drive to maintain the country’s stature as a center for innovation as it hopes to roll out comprehensive crypto legislation in 2023 and institutionalize the sector by 2024.On May 11, South Korean newspaper Kukmin, citing a leaked governmental document, reported that the administration is looking to introduce the “Digital Asset Basic Act” (DABA) in the next year and to follow....


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