South Korea’s finance minister Kim Dong-yeon said on Thursday that the government has no plans to shut down cryptocurrency trading, according to the report from Reuters.
In response to a question from a lawmaker on the government’s plans for regulation of the cryptocurrency industry, Kim Dong-yeon said, “there is no intention to ban or suppress cryptocurrency [market].” He added the government’s immediate task is to regulate exchanges.
The country’s customs earlier on Wednesday announced it had uncovered illegal cryptocurrency foreign exchange trading worth nearly $600 million. “Customs service has been closely looking at
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