South Korea says planned ban on cryptocurrency market not yet finalised
[SEOUL] South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalised as government agencies were still in talks to decide how to regulate the market.
"The plan to ban cryptocurrency exchanges, recently mentioned by the nation's justice minister, is one measure in talks to curb speculative investments, which the government will carry on with enough discussion for before finalizing the decision," an official at the Office for Government Policy Coordination told a news conference.
On Jan 11, Justice Minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda
Binance’s rivals muscle in on Bitcoin trading around the world
Citi picks Amit Dhawan to head Singapore commercial bank operations
China finance ministry echoes Xi’s call for bond trading at PBOC