The Presidential Committee on the Fourth Industrial Revolution of South Korea proposed adding the abilityDirectly trade Bitcoin on the Korean Stock Exchange (KRX).
According to Business Korea, the CommitteeHe also suggested allowing trade in various cryptocurrency products in the country. We are talking about derivatives on Bitcoin and other cryptocurrencies. Officials believe that cryptocurrency trading is "impossible to stop", so they are considering creating licenses and recommendations for companies working with digital assets.
"The Korean government should graduallyallow institutional investors to work with cryptocurrency, as well as promote over-the-counter platforms designed for institutional clients, ”the Committee said in a statement.
Another step towards the adoption of cryptocurrenciesmay be the creation of their own custodial solution, which will allow Korean companies to abandon the services of storing digital assets offered by foreign companies. In addition, the other day it was reported that the South Korean government began to develop a new law on taxation of income from cryptocurrencies.
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