Why South Korean crypto regulator stopped meeting as inactivity leaves Bitcoin treasuries hanging – DL News
- Virtual Assets Committee has not held a meeting since May.
- Regulator had been due to let companies trade crypto by end of 2025.
- Government is the cause of delays, say insiders.
South Korea’s once-vaunted crypto regulator appears to have been abandoned, a year after its launch.
The South Korean newspaper Kookmin Ilbo reported that the Virtual Assets Committee, or VAC, has not held a single meeting since May.
This is putting the brakes on plans to let corporations create Bitcoin treasuries, anonymous sources told the publication.
An unnamed industry insider claims the government is probably behind the delay.
“Regulators’ current top priority is encouraging money to flow into the domestic stock market,” the insider said. “The…
