It is interesting that it was officially added that any rule of authorization would inspire cryptocurrency trading by simply recognizing the [inherent approval] of the regulator of its status as currency. This watchdog has refused to regulate Bitcoin trade in South Korea's primary financial regulatory country.
This is not the intention of regulating the business of cryptocurrencies in the country of South Korea's financial supervisory service, it is in a press conference today and according to the authority of the Authority, the primary reason is the lack of recognition of cryptocurrencies as an alternative to money is.
This FSS governor Choe Heung-sik said today, and this means that we cannot move the regulation for now, and we can warn people as we do not see virtual currencies in the form of real currency, these Reuters reported by the statement.
SOURCE - https://www.ccn.com/bitcoin-isnt-currency-wont-regulated-south-korean-financial-regulator/