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.
There’s no getting over the Bitcoin madness and with the recent news, it’s not soon to end. Between the news that Bitcoin’s value is holding above $1000 and Bank of America’s embrace of the digital currency, some of us are kicking ourselves for not investing earlier. But what if it wasn’t too late?