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South Korea Tightens Crypto Rules as Hong Kong Seeks Protections

Governments worldwide are implementing regulatory frameworks for crypto regulation, with some cracking down on the sector while others welcome crypto with appropriate rules and guidelines. The South Korean government is partnering with law firm Yulchon to tighten oversight of the country's crypto sector, which has heavy exposure to the digital asset class, and the cryptocurrency bill is expected to become law this year. Meanwhile, Hong Kong's vision of becoming a crypto hub is threatened by the increasing number of crypto-related scams, and lawyers are working with regulators to balance investor protection and innovation.

(By Harsh Notariya)

Hong Kong
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