The third largest political party in South Korea proposed a cryptocurrency development promotion law

South Korea’s third-largest political party, the “Future Party”, today proposed a bill to promote the healthy development of cryptocurrency. The bill contains five aspects:
1. The Financial Supervisory Agency shall cooperate with the Internet Promotion Institute to conduct regular supervision and investigation of the Exchange;
2. Dealing with exchange hacking cases on the principle of no-fault liability;
3. Apply blockchain technology to promote the development of electronic signatures;
4. Protect the legal status of digital currency from the perspective of investor protection;
5. To protect the development of the blockchain, improve user information processing methods.

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