Adopt a cryptographic exchange approval system based on New York's BitLicense system. BusinessKorea writes that it is unlikely that a final decision will be made before the June 2018 elections in the country. A government representative spoke to them about the option as part of a working group on virtual currency:

"We positively consider the adoption of the following. an exchange approval system as additional regulation on cryptocurrencies.We are most likely [to] reference model [against that] of the state of New York that gives selective permission. "

BitLicense is a license to operate a virtual currency exchange given by the New York Commissioning in August 2015 by the Department of Financial Services of Japan. The Financial Services Agency (FSA) approves licenses for cryptographic exchanges that meet a very stringent set of requirements ranging from accounts receivable to computer systems.

The review of a trade approval system in South Korea comes as crypto markets have become less "overheated," according to BusinessKorea. The publication reports that the South Korean government sees the more stable prices of crypto, compared to the high and low fluctuations of December and January, as a cooling of speculation.

Another anonymous government official said:

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