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.
If the SK wil ban the cryptocurrency it will greatly affect the market. There are a lot of Korean in this business.
Seems the government feel the weight of cryptocurrency that why they try to do some measure on it.