Bank of Korea Preaches Legacy Financial Regulation for Crypto Market
The Bank of Korea (BOK) released a report on Thursday emphasizing the
importance of introducing a comparable level of regulation that binds traditional banks into the cryptocurrency
market. The central bank also highlighted
the potential risks associated with crypto trading, warning that any financial
turmoil stemming from this sector could inflict significant damage on the real
economy.BOK’s report specifically addressed the expanding usage of
stablecoins…
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