Sth Korea finance minister: Banning cryptocurrency exchanges needs more consultations

Author: Eamonn Sheridan | Category: News

More bitcoin news - detail on there needs to be more consultations over the justice ministry's plan to ban cryptocurrency exchanges

  • So says South Korean Finance Minister Kim Dong-yeon
Reported in the media (Yonhap) - more detail
  • "The issue of shutting down (cryptocurrency) exchanges, told by the justice minister yesterday, is a proposal by the justice ministry and it needs consultations among ministries"
  • it would take months or even years for a bill to become a law
  • Tens of thousands of people filed an online petition, asking the presidential office to stop the clampdown against cryptocurrency trading