Post
Topic
Board Altcoin Discussion
Re: Finally good news from Korea, no plans to ban crypto!
by
happyme1818
on 03/02/2018, 16:25:41 UTC
Quote
South Korea's finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China's tough action in blocking virtual coin platforms.

https://mobile.reuters.com/article/amp/idUSKBN1FK09J
As expected, they will not ban it like China. They just want to regulate it to avoid using it in illegal activities. It will create pressure in the leadership if they ban it because many South Korean citizen are already in the train of cryptocurrency and it is hard to change it specially if many legit business is already in it.