Need for regulation
Transparent system essential to protect cryptocurrency investors
The Moon Jae-in government has decided to crack down on any illegalities related to transactions of bitcoin and other cryptocurrencies. The crackdown continue until June, focusing on moneylaundering, fraud and other suspicious activities, and comes amid the overheated digital currency market.
We positively estimate the government s efforts to fight against various types of violations that run counter to fair play and free market principles. It is imperative for the authorities to prevent anyone from engaging in criminal acts using virtual money. It is also urgent to better protect investors from hacking, fraud and other illegal schemes.