False alarm: South Koreans want minister fired after false cryptocurrency ban announcement

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#5495

12 Jan 2018, 16:38

No, South Korea isn’t banning cryptocurrencies.
Yesterday, the crypto community was rattled by the news that South Korea—which holds a huge chunk of the crypto trading market—is banning cryptocurrencies. The announcement came from the country’s Justice Minister Park Sang-ki in a news conference.
“There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park said.
But now, the Blue House—the South Korean president’s residence and executive office, is issuing a retraction of the announcement, saying there is no official decision to banning cryptocurrencies.
source :coingeek.com


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