{"id":51554,"date":"2022-08-22T16:35:57","date_gmt":"2022-08-22T14:35:57","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=51554"},"modified":"2022-08-22T16:35:57","modified_gmt":"2022-08-22T14:35:57","slug":"seven-exchanges-from-south-korea-plan-to-launch-cryptocurrency-exchanges-next-year","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/seven-exchanges-from-south-korea-plan-to-launch-cryptocurrency-exchanges-next-year\/","title":{"rendered":"Seven Exchanges From South Korea Plan to Launch Cryptocurrency Exchanges Next Year"},"content":{"rendered":"
As per the latest<\/span> reports<\/a><\/strong>, seven traditional brokerage companies in South Korea<\/strong> have started exploring the possibility of their exchanges<\/strong>. They have started working on these projects, and are expected to launch their respective platforms in the first half of the next year<\/strong>. It is considered a major development<\/strong> for the crypto community of South Korea.<\/span><\/p>\n Moreover, all of these seven exchanges are now applying for preliminary approval and establishment of corporations<\/strong>. Through this approval, they will be able to run their exchanges and offer virtual asset services<\/strong> to their consumers. An official statement from a securities company has confirmed that the ongoing discussions<\/strong> are in their final stage.<\/span><\/p>\n Initial news reports suggest that Mirae Asset Securities<\/strong> is among these seven companies. It will start the virtual asset business at the group level<\/strong>. Moreover, the company will run its virtual asset business through a subsidiary by the name of Mirae Asset Consulting<\/strong>. Currently, the company is hiring experts and researchers<\/strong> to work on different projects, including BTC, ETH, and NFTs<\/strong>. Mirae Asset Securities will indirectly support the exchange.<\/span><\/p>\n On the other hand, Samsung Securities<\/strong> is another company that is currently researching and digging deep to learn the business of blockchain-based security tokens<\/strong>. Previously, the company tried to hire someone who could run the development and operation of the security token platform<\/strong>. However, they were unable<\/strong> to do so.<\/span><\/p>\n <\/p>\n Nonetheless, the Government of South Korea under Yun Seok-yeol<\/strong> is easing up on cryptocurrencies and blockchain-based projects. The Government intends to provide a nurturing and friendly environment<\/strong> for such projects. In addition to this, the Financial Services Commission<\/strong> is planning to implement the \u201cVirtual Currency Business Right Act.\u201d<\/strong> Previously, the Financial Investment Association and the securities industry<\/strong> emphasized this step.<\/span><\/p>\nSouth Korea Aims to Become More Crypto-Friendly<\/span><\/h2>\n