South Korea is a very interesting region when it comes to cryptocurrencies. In most cases, there is nothing but positive news first and foremost. At the same time, local regulators are looking for ways to ensure the industry gains more legitimacy. This has forced the first cryptocurrency fund in the country to shut down effective immediately.
Most cryptocurrency enthusiasts look at South Korea as a bastion of proactive regulation. There are some efforts underway to officially regulate Bitcoin and altcoins, but it seems there is no intent on banning this form of money whatsoever. That in itself is a good thing, although there are no permanent solutions in place just yet.