South Korea - ‘No Ban’ On Cryptocurrency, Finance Minister Confirms

in #cryptocurrency7 years ago

Interesting news updates for this morning, 1.31 - Cue *sigh of relief* : 

https://cointelegraph.com/news/south-korea-finance-minister-confirms-no-ban-on-cryptocurrency

  • " 'There is no intention to ban or suppress cryptocurrency (market)'"
  • " Regulatory steps are now a priority for lawmakers "

http://fortune.com/2018/01/31/south-korea-illegal-cryptocurrency-trading-exchange-ban/

  • " Customs said about 637.5 billion won ($596.02 million) worth of foreign exchange crimes were detected."
  • " Effective from Jan. 30, authorities imposed rules which allow only  real-name bank accounts to be used for cryptocurrency trading designed  to stop virtual coins from being used for money laundering and other  crimes. "