South Korea says planned ban on cryptocurrency exchanges not yet finalised

A man walks past an electric board showing exchange rates of various cryptocurrencies at Bithumb cryptocurrencies exchange in Seoul, South Korea, January 11, 2018. REUTERS/Kim Hong-Ji

South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalised as government agencies were still in talks to decide how to regulate the market.

“The plan to ban cryptocurrency exchanges, recently mentioned by the nation’s justice minister, is one measure in talks to curb speculative investments, which the government will carry on with enough discussion for before finalizing the decision,” an official at the Office for Government Policy Coordination told a news conference.

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