Korean lawmakers rally towards crypto rules in May after grisly murder case

Korean lawmakers rally towards crypto rules in May after grisly murder case



Following a  murder case involving digital assets, South Korean lawmakers are pressing for tougher control of digital assets to be enshrined in law.



According to a May 18 Bloomberg report, a Korean woman was kidnapped on March 29 and later murdered in a dispute that is thought to have been sparked by a disagreement over cryptocurrency-related losses.



The nation's first standalone crypto laws, which could be passed in a legislative vote later this month, has reportedly gained urgency for MPs due to the recent murder case.



“There is finally a consensus on both sides of the aisle that we need to get a law in place as soon as possible,” Back Hyeryun, a lawmaker from the opposition Democratic Party of Korea told Bloomberg.



“There were too many issues, so it was necessary to focus on one thing first — investor protect


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#Bitcoin, #Cryptonewstoday, #Ethereum, #Regulations, #SouthKorea

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