South Korea to Regulate Bitcoin as Commodity, Says Bank of Korea Governor

South Korean central bank Bank of Korea (BOK) governor, Lee Joo-yeol, has announced that Bitcoin will be regulated as a commodity rather than as a currency. The governor, however, claimed that the central bank will not be launching the regulation very soon.

During the audit of BOK by the National Assembly, Lee claimed that digital currencies like Bitcoin cannot be regarded as money based on the definition of the Bank of International Settlements (BIS)…

Read Full: South Korea to Regulate Bitcoin as Commodity, Says Bank of Korea Governor