South Korea has moved to recognize cryptocurrency exchanges as legal entities in their own right for the first time, cementing their position in the local economy. Unveiling ‘Cryptoasset Exchanges And Brokerages’ As local news outlet The B-Chain reports, new “classification” of Blockchain-related industries means exchanges are now considered “cryptoasset exchanges and brokerages.” Previously, as local commentator Joseph Young notes, lawmakers treated them as “communications vendors.” Blockchain platforms such as Ethereum and EOS will be known approximatelyRead MoreThe post South Korea Officially Recognizes Cryptocurrency Exchanges appeared first on Bitcoinist.com. For Further Information Click on Below Button