Financial Services Commission (FSC) Chairman Choi Jong-Ku said on Monday that it was considering measures to restrict cryptocurrency transactions to some extent which includes an all-out ban.
We are discussing to what extent the government will regulate the trade. Including the prohibition of trade. he said at an at a luncheon meeting on Monday.
The clarification comes after news spread on Friday that South Korea was already considering banning all kinds of transactions.
Oh well, this clearly was already bound to happen. I already saw this happening quite a long time ago. Snce it is pretty hard for inexperienced prople to differentiate scam ICOs from the legitimate ones. But even so, banning is just a word. If they want this, they would really have to eliminate internet itself.