Korean government official: South Korea must reassess cryptocurrency policy

At the Seoul Deconomy meeting, senior South Korean government officials said the country must reassess the cryptocurrency policy to promote the growth and maturity of the cryptocurrency market. Song Hee-kyong, co-chairman of the Fourth Industrial Forum of the National Assembly, said that the government has misunderstood virtual currency and tried to apply real currency standards, so there are various problems. Jung Byung-kook, chairman of the Fourth Industrial Special Committee of the National Assembly, stressed that the government should be cautious and adopt a conservative approach to the technology in management.