Bitcoin Watch – South Korea could label cryptocurrencies as ‘liquid assets’

25 February, 2018

Over the last year, South Korea has emerged as an important force supporting the cryptocurrency market, choosing to regulate rather than ban. The country has outperformed many others both in trading volume and number of listed currencies. It is now believed that South Korea is preparing to issue its regulatory guidelines, with the Korea Accounting Institute claiming the new regulation will be ready in Mar-2018. The way things stand today, cryptocurrencies are a non-current asset however, new guidelines could and label cryptocurrencies as "liquid assets". This regulatory approach could greatly benefit all currencies and result in a surge in value.

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