South Korea has passed a bill which categorizes cryptocurrencies as digital assets

From a fledgling economy just about two decades ago, South Korea is today a force to be reckoned in terms of its economic prowess. 

South Koreans are known to be very industrious. They do not shy away from new technologies on spurious grounds and embrace them wholeheartedly with check and balances in place. South Korea has one of the highest, if not the highest, internet penetration in the world. 

It is no surprise that they are adopting cryptocurrencies wholeheartedly as they have done with the other technologies. 

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