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Published 7 years ago by wetwilly87 with 0 Comments
by wetwilly87
7 years ago

South Korea Will Manage Bitcoin as a Commodity

While Japan respects digital currencies as legal currency and the IRS considers them property, South Korea has taken a different approach. Lee Joo-yeol, South Korean central bank governor, recently proclaimed that Bitcoin and virtual currencies would be treated as commodities. Regulation will take time to fully formulate and is not expected any time soon, according to the governor.

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