Why Korea's asset owners remain wary of cryptocurrencies
A lack of proper valuation tools, major volatility and questions around regulations and tax all prevent the digital currencies from gaining the favour of the nation's cautious asset owners.
Cryptocurrency’s valuation rollercoaster ride has seen hefty plummets of late, courtesy, following warning signs that more rigorous regulatory oversight is inbound.
The prospect of tighter rules might seem to be a positive development for asset owners, but it is failing to entice the ones based in Korea, despite the country hosting one of the world’s largest cryptocurrency markets.
Korea possesses some 200 local crypto exchanges that boast a combined daily turnover that sometime…
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