Business, Management and Accounting
3 years ago

Korean Government Cracks Down on Virtual Currency Risks and Fraud.

Policy of Korean Government for Virtual Currency and Block Chains: from Absurd to Chaos
Lyou Byung Woon

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The Korean government needs to create clear rules for virtual currency to prevent risks like fraud and money laundering. They should define what virtual currency is, assess the risks involved, and develop ways to control them. International cooperation is also important to set global standards for virtual currency transactions. If the government can manage the risks effectively, virtual currency transactions could become more accepted over time.