Earlier this month, South Korea’s declaration of martial law affected critical reforms in its burgeoning crypto sector according to a report by decrypt. The unprecedented move has delayed key initiatives like legalizing securities token offerings (STOs) and introducing real-name corporate crypto accounts, both seen as essential to modernizing the country’s digital asset ecosystem. The sidelining of crypto reform initiatives is a significant setback for an industry that has long sought regulatory clarity.
South Korea’s Martial Law Declaration Hits Crypto Reforms
Varun Krishan, ReadWriteWeb
Wed, 12/11/2024 - 12:01pm
Topics: stos president yoon suk yeol s financial south korea s national assembly january bitcoin btc upbit image ideogram readwrite south korea s december national assembly korea s martial law declaration martial law declaration hits crypto law declaration hits crypto reforms political industry markets accounts delayed tax real-name efforts sector implementation initiatives critical crisis corporate month digital country
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