As reported a few hours ago by Business Korea, the Presidential Committee for the fourth industrial revolution recommended to South Korean institutions to allow financial institutions to launch financial products on the market whose performance is linked to that of cryptocurrencies; since cryptographic assets have now shown that they do not intend to disappear, this is the Committee's thesis, to allow their institutionalization also in order to prevent South Korean citizens from having to resort to foreign third-party services for the safekeeping of their coins.

The news, however, did not end here because, as reported by Business Korea, in the same document we also recommend the direct listing of bitcoins on the Busan stock exchange and the introduction of ad hoc licenses to be issued to active exchanges in the country.

Also the presidential committee for the fourth industrial revolution points out, then, how the intraday trading of cryptocurrencies has generated since May 2019 something like 68 billion dollars of profits in the world, consequently it is simply unthinkable that the carousel will stop; meanwhile, South Korean policy continues to ask for adequate regulation of the sector, which seems paradoxical if we think about the situation in which we find ourselves in Italy.

South Korea, in fact, has already adopted a fair regulation and, despite this, the pressure to do even better has remained high, while in our country these issues are hardly discussed; certainly the South Korean legislation is not perfect, but the push for innovation that reigns in this country is noteworthy and it is also configured, among other things, precisely through the will of the institutions to open up completely to the cryptocurrency market, even more than has been done so far.

Just think, among other things, that the government of South Korea continues to claim that it does not have the legal limits to tax the financial income that derives from the profits obtained by trading on cryptocurrencies; in the country, therefore, precisely the non-taxation of these instruments was complicit in their diffusion and this still allowed the government to collect something like 70 million dollars simply by taxing the main South Korean exchange.

Waiting for the Italian and European institutions to wake up and realize that they are making us miss a train of those who pass only once in their lives, therefore, we just have to keep looking at South Korea as to a model to follow, hoping that as soon as possible the same credit opening towards the world of cryptocurrencies can also be registered in Europe.