Malta became the first country to enact regulation of cryptocurrency and blockchain earlier this month. South Korea would like to do the same. However, here prospects aren’t so bright.

The Korea Times reports that drafts of bills to regulate initial coin offerings, blockchain and cryptocurrencies will be introduced during an extraordinary legislative session July 13-26. However, the Asian nation faces other, more pressing economic and political concerns, and some consider cryptocurrency legislation a lower priority.

This, in a country where $31 million was stolen from its second-largest crypto exchange in a June hack, the latest in a series. Read more here.

ThirtyK Staff
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