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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

South Korea doesn't plan to stop crypto trading

By cpowell
Created 2018-01-31 20:58

By Dahee Kim and Cynthia Kim
Reuters
Wednesday, January 31, 2018

SEOUL, South Korea -- South Korea's finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China’s tough action in blocking virtual coin platforms.

The comment by Kim Dong-yeon comes as traders at home and around the world have been spooked by conflicting comments from government officials in South Korea, a major hub for cryptocurrency trade, that Seoul was planning to ban local digital coin exchanges.

"There is no intention to ban or suppress" the cryptocurrency market," Kim said, adding that the government's immediate task is to regulate exchanges. ...

... For the remainder of the report:

https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-says-n... [1]



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