According to ChainCatcher, Deputy Prime Minister Choi Sang-moo stated that the government does not hold a negative attitude towards cryptocurrency-related matters.
Choi Sang-moo stated: 'Since the specific details of the strategic cryptocurrency asset proposal from President-elect Trump have not yet been announced, now is not the time for assessment. We plan to prepare responses and other measures after the new government in the United States takes office. We will take action after these and other new proposals related to cryptocurrency assets are specified. The government does not hold a negative attitude towards cryptocurrency assets. Since regulations and related systems are still in their infancy, we have decided to postpone the 'introduction of cryptocurrency taxes'. Because we believe that before introducing taxation, we should first monitor the progress of the 'regulations'.'
Choi Sang-moo further claimed that the South Korean central bank, financial regulators, and other relevant departments are currently formulating new regulatory policies for the cryptocurrency sector. These concerns are not only about customer protection but also about the 'legal nature' of cryptocurrencies.
