Browsing Tag

digital currency

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Bitcoin is Now Officially Legal in South Korea as a Payment Method

China has been making strides in the Bitcoin industry, and now South Korea is following suit as the country officially legalized international transfers and will soon have regulations regarding digital currency.

Earlier in July, Democratic Party of Korea Representative Park Yong-jin submitted three revisions of the Electronic Financial Transactions Act for Bitcoin users and businesses to further increase the growth of the market in South Korea.