The Presidential Committee on the Fourth Industrial Revolution (PCFIR) in South Korea has recommended the government to allow Bitcoin derivatives.
The South Korea is preparing legal tools to tax capital gains from cryptocurrency transactions, to be adopted starting in the 2020.
South Korea adopts a new bill to pave the way for the regulation of cryptocurrency. The new bill classifies cryptocurrencies as digital assets.
South Korean crypto exchange Prixbit has officially shut down, terminating all its services related to digital currencies.
The South Korean police successfully detained suspects in crypto fraud with the help of artificial intelligence (AI).