Great news both for investors and users of cryptocurrencies. South Korea’s Finance Minister has announced that “there is no intention to ban or suppress cryptocurrency [market]”.
South Korea has worried users and public institutions about a potential ban of cryptocurrencies used on country’s territory. Numerous investors have dropped out of their partnerships with crypto exchanges based in the country, such as Kookmin Bank, which has been supported the Bithumb and Korbit platforms.
No more virtual accounts!
However, remember that the Vice Chairman of the Financial Services Commission (FSC), Kim Yong-Beom claimed for a local

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