The south Korean government has held a multi-sectoral joint emergency meeting to decide on measures to curb speculation and criminal activity in the virtual currency market. The meeting decided that minors should be banned from opening accounts and trading virtual currencies, and financial institutions would be prohibited from holding, buying virtual currencies or investing in virtual currencies. When making bank transfer business related to virtual currency investment, I am required to confirm.

The south Korean government also plans to promote legislation to protect investors and increase transparency in virtual currency transactions. To explore the relevant safety supervision measures for the establishment of virtual currency exchanges, including the requirement that exchanges curb money laundering activities and report all suspicious transactions; To clearly define the illegal activities related to the financing of coinage (ICO) and to severely punish the illegal ACTS.

I think not only South Korea, but more countries will start to regulate cryptocurrency.