//South Korean Regulators Inch Closer to Legalizing Bitcoin

South Korean Regulators Inch Closer to Legalizing Bitcoin



The Korea Accounting Institute claims the new regulation will be ready in March and will label Bitcoin and altcoins as “liquid assets”. The way things stand today, cryptocurrencies are a non-current asset. A more “legitimate” regulatory approach will be beneficial to Bitcoin and altcoins moving forward.

Source: South Korean Regulators Inch Closer to Legalizing Bitcoin