Will South Korea Ban Its Cryptocurrency Exchanges?

The cryptocurrency market is trading in red amid reports that the South Korean justice department is moving to prepare a bill that would ban trading of the digital currencies on domestic crypto exchanges, according to Reuters.

At a press conference, justice minister Park Sang-ki said, “There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.” (Source: “South Korea plans to ban cryptocurrency trading, rattles.

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Will South Korea Ban Its Cryptocurrency Exchanges?

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