The South Korean government plans to ease controls on its currency

The South Korean government is preparing to ease controls on its own currency, in line with the G-20 policy. South Korean regulators have agreed to these controls and standards.

South Korea will plan to follow policies developed by the G-20 countries, while easing its own encryption laws.

The G20 set July to implement these regulations. One of the reasons for this group's regulation is that digital currencies are too small to threaten financial markets and that the market value of digital currencies is less than 1% of global GDP.