NewsHK
South Korea's push to set formal rules for digital assets has become a live variable in one of the country's more closely watched corporate transactions.
The planned stock-swap between cryptocurrency exchange Upbit and internet company Naver has stalled for a second time, with both companies saying the development of the country's landmark crypto legislation could affect the deal's progress or outcome.
A deal caught in legislative limbo The delay is the second this transaction has encountered.
Both companies pointed directly to the crypto law debate as the cause, a candid acknowledgment that regulatory uncertainty is now shaping deal structuring at the corporate level in South Korea.
Keep reading