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Does South Korea need supplementary legislation regarding virtual asset issuance and financing?

However, supplementary legislation related to virtual asset issuance and financing by Virtual Asset Service Providers (VASPs) is needed to fully integrate the virtual asset industry into South Korea's institutional system.

Will South Korea pass virtual asset user Protection Act 2023?

International Digital Asset Exchange Association As Co-Chairs of the International Digital Asset Exchange Association, we appreciate South Korea's National Assembly's initiative in passing the Virtual Asset User Protection Act on June 30, 2023.

Are bitcoin-based ETFs a landmark moment for the cryptocurrency industry?

The statement came on the back of the US Securities and Exchange Commission giving the green light to bitcoin-based ETFs, a landmark moment for the cryptocurrency industry. Eleven spot bitcoin ETFs began trading in the US on Thursday morning and saw $4.6 billion worth of shares trade hands by the afternoon.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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