Bitcoin will be regulated as a commodity in South Korea

The head of South Korea’s central bank has said that Bitcoin will be regulated as a commodity, not a currency.

According to local news outlet Yonhap News, Lee Joo-yeol, the country’s central bank governor, said, “Virtual It is difficult to look at currencies as money, as defined by the Bank for International Settlements.” -1 position-center text-left width-100″ data-style=”style-1″ data-position=”center” data-align=”left” data-width=”100″>

“As a commodity arrangement is appropriate. It cannot be regulated like a currency.”

Lee also said that the central bank won’t be regulating anytime soon:

“This means that the Bank of Korea will act now not a situation”

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