Senior South Korean government officials reportedly said at the Seoul economic conference that cryptographic monetary policy must now be reassessed as the cryptographic money market continues to evolve and mature. South Korea should build a platform as soon as possible that allows the encryption industry, government organizations and financial institutions to communicate with each other and work together to develop encryption-related regulatory guidelines, an official said. Song Hee-kyong, who is currently co-chair of the fourth session of the Korea National Assembly's Industrial Forum, said: "The South Korean government has previously misunderstood virtual currencies, and they have been hoping to regulate cryptocurrencies in accordance with real monetary standards, so it is not surprising that there are problems." Yet while awaiting regulatory sandbox licensing, the encryption industry has not stagnated, and the industry as a whole is as if it had been put into a reg...