South Korean Investors To Buy Crypto Exchange Bitstamp For $400 Mln, Sources Report

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Word has it on the street that South Korean investors are set to buy cryptocurrency exchange Bitstamp. Multiple sources, including Nathaniel Proper on Twitter, report this to be true.

Further information on the impending sale notes that the transaction is going to cost around $400 million. As to what potential implications this sale could have, certain users on Twitter have raised the issue of the company being subjected to Korean laws on cryptocurrency once the sale is completed, raising concerns that they won’t be able to operate as well as they should. Others, however, see the good in it, pointing out that a change in ownership does not occur even when licensing rights have been awarded in another location or country.

South Korea has been leading the way in defining a clear shape for regulatory decisions pertaining to cryptocurrencies.

 

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