South Korea says planned ban on cryptocurrency market not yet finalised
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
