Yong-beom Kim – First Vice Minister of South Korea’s Ministry of Economy and Finance from 2019 to 2021 – will join the blockchain and digital technology research institute Hashed Open Research as its Chief Executive Officer.
The entity aims to act as a bridge between local cryptocurrency experts and the government.
- According to a document shared with CryptoPotato, Yong-beom Kim’s main task as a top executive of Hashed Open Research will be to establish a constructive dialogue between Korean cryptocurrency participants and domestic lawmakers.
- Kim vowed to aid the company’s progress using his rich expertise. Organizing in-depth seminars and research activities are also on his agenda.
- The former government official opined that applying comprehensive rules to the local digital asset sector could be highly beneficial to South Korea. The advancement of the cryptocurrency industry combined with the country’s high-tech vision could level the nation with the USA, Kim argued.
- The former Vice Minister is regarded as an expert in the financial field. Over the course of his career, he served as Vice Chairman of the Financial Services Commission (FSC) and Chairman of the Securities and Futures Commission (SFC) within the FSC.
- During the crypto winter of 2018, Kim urged for applying special regulations on the space to prevent bad actors from employing the asset class in their criminal activities.
- In 2019 he was appointed the First Vice Minister of the Korean Ministry of Economy and Finance. As such, he proposed that local cryptocurrency exchanges should be subject to maintenance and taxation.
Featured Image Courtesy of KoreaTimes
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
- AA News
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- Crypto News
- cryptocurrency
- CryptoPotato
- decentralized
- DeFi
- Digital Assets
- ethereum
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- South Korea
- W3
- zephyrnet
More from CryptoPotato
S&P Dow Jones Indices Expands Crypto Involvement With New Indexes
Source Node: 978623
Time Stamp: Jul 14, 2021
Australia’s Central Bank: Digital Assets Issued by Private Firms Could be Better Than CBDCs
Source Node: 1581793
Time Stamp: Jul 18, 2022
Bitcoin Miner Revenue Drops To Yearly Lows: Will They Capitulate?
Source Node: 2562830
Time Stamp: Apr 30, 2024
Canadian Regulators Investigate Coinbase, Kraken CEOs For Promoting Self-Custodial Wallets
Source Node: 1615263
Time Stamp: Feb 23, 2022
DeFi Platform Struct Finance Sees 129% Gains in 7-Day TVL, Ranks First on Avalanche
Source Node: 2175808
Time Stamp: Jul 18, 2023
Bitcoin Dumped Sharply After Retesting $20K: Crypto Markets Shed $60B (Market Watch)
Source Node: 1700729
Time Stamp: Sep 28, 2022
Liquidity Issues Force Poolin to Suspend Withdrawals, Flash Trades, and Swaps
Source Node: 1656060
Time Stamp: Sep 7, 2022
Bitcoin Mining Pool BTC.com Suffers Cyber Attack, $700K Stolen
Source Node: 1785776
Time Stamp: Dec 26, 2022
SEC Charges Rivetz Corp CEO Over a $18 Million Fraudulent ICO
Source Node: 1068179
Time Stamp: Sep 11, 2021
DCG, Castle Island Ventures Lead $90 Million Round in a Crypto Security Firm
Source Node: 1585502
Time Stamp: Jul 20, 2022
Fidelity Director: El Salvador’s Bitcoin Adoption Is Slightly Overplayed
Source Node: 1064696
Time Stamp: Sep 9, 2021
Macro Factors to Shape Bitcoin Prices: Coinbase’s Insights Post-Halving
Source Node: 2525002
Time Stamp: Mar 24, 2024