The South Korean government said it intends to ban the trading of digital currencies including bitcoin, as noted by the Minister of justice that the government prepare a draft law banning trading of the digital currency in the local exchanges also.
The Minister of Justice said that there are major concerns about digital currencies at a press conference held recently. Official told the press that the proposed ban was announced after sufficient discussion with other government agencies including the Ministry of Finance and financial regulators in the state.
Read also: the Ministry of Finance refuse to admit digital currency bitcoin
South Korea is not the first state to refuse to admit digital currency and ban them also, where the Ministry of Finance to conduct a similar in the past weeks, while other states such as China, Malaysia, will support regulatory policies to monitor trading.
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