Legal vacuum prevents punishment of crypto criminals says Korean lawmaker

Asia Korea Regulations

During a public hearing at South Korea’s national legislature, the recently proposed cryptocurrency regulations were discussed.

Presiding over the forum was Park Yong-jin, a lawmaker who used this opportunity to call for additional customer protection in the bill. Park said that lack of legal framework makes regulation, nurturing or supporting of cryptocurrencies impossible.

“Also, the legal vacuum prevents those who committed virtual currency-related crimes from being punished,” he added.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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