Friday, March 31, 2017

"Virtual currency, to avoid civilian contracted", as long as the government discussed TF



[Korea Selected financial newspaper reporters] to avoid civilian contracted to the virtual currency Bitcoin institutionalization process, including the Bank of Korea said it is in consultation with the Government.

Heo Jinho at the Bank of Korea announced buchongjaebo is 31 days' payment year 2016 report "briefing reporters" not to shrink in the direction of the pin-tech innovation and private sector-led discipline contemplating introducing systems for virtual currency "she said.

Before the government and the Bank of Korea are discussing ways to institutionalize the virtual currency to configure the joint task force (TF) from November.

According to a report published as long as the payment this day, interest in Bitcoin virtual currency such as private is growing again. Bitcoin price has surged since the end of 2013, but fell sharply in the regulations of the Chinese government, the major exchanges hacking incidents such as those that show a steady upward trend since the second half of 2015. Ether Solarium (Ethereum), and new virtual currency also appeared, such as zero cache (Zerocash).

Current virtual currency is a universal means of payment, but not widely used in the sale or retention of an investment objectives around some users made.

The Bank of Korea is jipeot the "high price volatility and embezzlement, because of the hacking deda User damage occurs at high risk even illegal transactions, such as money laundering and tax evasion, drug and arms trafficking are also known to have some advantage, that is. Major economies such as the US, Japan and Europe are in response to these virtual currency-related crime appeared introduce a virtual currency regulation system.

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