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Author Topic: Bitcoin to be regulated as commodity in South Korea  (Read 914 times)

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Offline DemolitionMan

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Bitcoin to be regulated as commodity in South Korea
« on: October 28, 2017, 01:34:19 am »
IBS Intelligence

The head of South Korea’s central bank stated at a parliamentary audit that Bitcoin will not be regulated as a  currency, but as a commodity.

During the National Assembly audit of the Bank of Korea (BOK), governor Lee Joo-yeol said: “it is difficult to look at [virtual currencies] as money by [definition] of Bank of International Settlements (BIS),” according to Yonhap News.

https://ibsintelligence.com/bitcoin-regulated-commodity-south-korea/
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