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.
Based from your statements it may seem that the news is just but a talk for now or something that hasnt been ratified yet. This might be a big blow if this comes to pass however I still wait for it to be understood and that they are not banned