(Coin Telegraph) – The South Korean Financial Services Commission (FSC) has established a task force to design regulatory framework for Bitcoin companies and users. The government states that regulations will be introduced by the first quarter of 2017. Several meetings have taken place since the FSC’s initial announcement of a potential introduction of Bitcoin regulation.

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Australian Government Pushes for Bitcoin Accounting Standards

(CoinDesk) - The Australian government’s financial reporting standards agency is pushing for international action in the area of digital currencies....