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Upbit Publishes Translated Text of EU's MiCA Crypto Regulation Laws, Hinting at Possible Impact on South Korea's Regulations

South Korea's largest crypto exchange, Upbit, has published a translated version of the EU's MiCA crypto regulation laws, indicating that the regulations could be influencing other countries. The regulations, also known as Markets in Crypto-Assets (MiCA), have already been used as a basis for similar policies in Ukraine.

Upbit's publication of the complete Korean-language version of MiCA suggests that exchanges in South Korea are aware of the EU's laws and may be preparing for Seoul to adopt rules based on MiCA. With South Korea looking to tighten its crypto regulations, it may turn to Brussels for inspiration.

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