South Korean ministers pro bitcoin commercialization
The Presidential Committee of the Asian country says that the improvement would bring benefits to the nation in a considerable way
Ministers of the South Korean presidential committee have asked the Asian government to allow the commercialization of bitcoin in the territory. They say that this measure could improve considerably in the services offered by the large industry dedicated to digital currencies.
The information was released on January 6th through the local BusinessKorea media where the board expressed the need to take advantage of the stay of cryptocurrencies for the growth of the nation. Given this, the committee requested the activation of a mechanism to market bitcoin without an international intermediary.
The objective is that all relevant operations are directly related to the country and prevent some external regulations from damaging the transactions. The directive asserts that it requires a license so that companies and users can carry out their transactions without taking any risk.
These licenses will guarantee the security in each transaction because they will be protected by the authorities, thus preventing illegal acts that may harm not only the company involved but the entire territory.
“We must be aware that this trade can no longer be stopped. All we have left is to join it, let’s take advantage of the advantages it offers us to grow as a nation. 2019 was a year of many changes, many digital currencies lost their popularity, but bitcoin is still on the cusp. That is why the commercialization of bitcoin is so important,” said one of the members of the Committee.
K.Villarroel
Source: Technology
