South Korea has been trying to rein in speculative cryptocurrency trading in recent months, as interest in the market has exploded.
South Korea will make a decision on a proposed ban on cryptocurrency exchanges after « sufficient consultation and coordination of opinions, » the government said Monday.
Last week, South Korean Justice Minister Park Sang-ki said the government was preparing a bill to ban trading via cryptocurrency exchanges. Two of the country’s largest crypto exchanges, Coinone and Bithumb, were also raided on the day Park’s comments were made.
« The proposed shutdown of exchanges that the justice minister recently mentioned is one of the measures suggested by the justice ministry to curb speculation. A government-wide decision will be made in the future after sufficient consultation and coordination of opinions, » the office said in a statement, according to South Korean news agency Yonhap.
