Bitcoin soon to be listed on the South Korean stock exchange?

The 4th Industrial Revolution Commission, a South Korean public body which coordinates important political issues, suggests that the government allow crypto-derivatives and rate Bitcoin (BTC) on the Korea Exchange.

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1 The 4th Industrial Revolution Commission, a South Korean public body which coordinates important political issues, suggests that the government allow crypto-derivatives and rate Bitcoin (BTC) on the Korea Exchange.

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According to the BusinessKorea, the Commission would like the South Korea authorizes financial products linked to crypto-currencies, like derivatives, to help institutionalize this new asset class.

Small technologically developed East Asian country, the South Korea is naturally already very involved in cryptocurrency. It houses several large crypto-scholarships, such as Bithumb, and has a large trading volume.

However, unlike other countries such as the United States or Switzerland, no crypto-product has yet been authorized on the national stock exchange.

Commission even suggests to list cryptocurrency directly Bitcoin (BTC) on the Korea Exchange.

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In addition, it calls on the financial sector to design a crypto-preservation solution so as not to depend on foreign custodians.

“Participants in the traditional capital market such as securities companies and banks should develop and introduce a national custody solution to manage crypto assets. The Korean government must gradually allow institutional investors to trade crypto assets and promote over-the-counter offices, ”the Commission report said.