South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China241.59

South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached. Meanwhile, the contracts between Korean crypto exchanges and banks for real-name accounts will expire this month.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

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