Sentences with phrase «tokens as a legitimate currency»
According to FSS head Choe Heung - sik, «supervision will come only after the legal recognition of digital tokens as a legitimate currency.»
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Its token, which the company says will initially be pegged to the value of one U.S. dollar, strives to become a legitimate medium of exchange, a true crypto - currency as opposed to a crypto - commodity, like Bitcoin.
Trading volumes in BCH / KRW pair offered by Bithumb, one of the largest cryptocurrency exchanges in South Korea, have gone up by 42 percent in the last 24 hours and currently has the highest volume at $ 1,296,300,000 ranking as number one market according to CoinMarketCap.This may be due to the fact that the Financial Supervisory Service (FSS) Governor Choe Heung - sik said Thursday that the watchdog is not considering digital tokens, such as Bitcoin, as legitimate currency and thus has no plan to supervise transactions of the cryptocurrency.
This may be due to the fact that the Financial Supervisory Service (FSS) Governor Choe Heung - sik said Thursday that the watchdog is not considering digital tokens, such as Bitcoin, as legitimate currency and thus has no plan to supervise transactions of the cryptocurrency.