The Presidential Committee on the Fourth Industrial Revolution proposed including Bitcoin on the Korean Exchange (KRX) listing, one of the largest trading floors in the world where stocks, bonds and futures are traded.
According to information Business korea, the committee also proposed to allow bitcoin and other cryptocurrency derivatives trading in the country. In addition, the agency recommended that the government consider introducing business licenses for companies working with new assets, “the trade of which can no longer be stopped.”
“The Korean government should gradually approve the activities of institutional investors in the field of crypto assets and facilitate the work of OTC (OTC) platforms aimed at large traders”, – representatives of the committee said.
The department also advised the country’s authorities to develop their own custodial solutions in order to save the market from dependence on similar foreign companies.
Recall the Government of South Korea plans to introduce capital gains tax for transactions with bitcoin and other cryptocurrencies.
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