There is such a thing as Bitcoin
Bitcoin image / AFPBy Choi Sun-minOnce there was a boy who learned that there was a dragon living in his house. He told his mother, “Mom, there's a dragon in the house!” But his mother told him “Son, there's no such thing as dragons.” Little by little the dragon got bigger and bigger until it took up half of the house. But still the boy's mother told him again and again, “There's no such thing as dragons.” Eventually, when the dragon took up the whole house, and the family couldn't live there anymore, his mother said, “Yes, son, there is such a thing as dragons.” At that moment, the dragon went back to its original size.When I think about this story, I am always reminded of cryptocurrencies. These have severely disrupted the world's financial market for more than two years now. Although some bills have been introduced in the National Assembly, there still isn't a single law regarding cryptocurrencies in Korea. According to current laws, like the dragons in the story, “there's no such thing as Bitcoin.” The judiciary's attitu
Jun 29, 2019By Choi Sun-min