Push to Legalize Bitcoin?

According to an article from cryptocoinnews.com, Law makers in South Korea are planning to Legalize Bitcoin

"Park Yong-jin, a lawmaker and member of the country’s ruling Democratic Party is drawing up three revisions this month to build a regulatory framework for digital currencies."

If this move is similar to the legalization of Bitcoin in Japan that occurred earlier this year. In fact, Bitcoin is so popular in Japan that the Japanese Airline Peach is accepting Bitcoin as an official source of payment.

At the time, FSC chairman Yim Jong-yong stated:

The government will push for the systemization of digital currency on a full scale in tandem with a global trend in the U.S., Japan and other countries.

South Korea Loves Crypto

South Korea was a major factor behind the rising price of Bitcoin, Ethereum, Steem and DASH last month, with the South Korean Exchanges Bithumb and Coinone dominating the trade volume ranks. In addition, South Korea was paying MORE for cryptocurrencies than anywhere else in the world. For many coins, South Koreans were paying 10% extra! One of the reasons behind this is because of the extremely high demand for Crypto and the restrictions on transferring the Korean won out of the country - hence access to Poloniex is more limited.

Also Posted on Boxmining.com : http://boxmining.com/south-korea-to-legalize-bitcoin/