Published on July 11th, 2018 | by bitcoin0
South Korea Leads the Way in the Fourth Industrial Revolution
Andrew Lim, the president of South Korea Blockchain, a blockchain marketing and PR company, told Cointelegraph that it was more a case of when, not if.
“Classifying all things blockchain was to be expected, especially when it comes to the exchanges and the critical need for regulations.
It wasn’t too long ago when you could open a cryptocurrency exchange with a “mail order distributor” license in Korea.
By allowing remittance, the exchanges in South Korea were now tied to the Financial Services Commission (FSC).
Companies that have blockchain businesses in South Korea seem happy to see regulation coming in, as it spells a better future for the space.