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.
Well I think this year as bitcoin achieved its goals and targets so same it also face a lot of forks in shape of ban and other things so bitcoin dont care about any ban its still going more forward although china and Indonesia banned bitcoin but we know that bitcoin take its price to its highest limit and still there is a possibility that bitcoin will make a record price then ever because some rich and develop countries are going to support bitcoin.