trading is extremely dangerous and the bubble may burst anytime he said. The thriving Bitcoin trading industry has drawn attention among global regulators, although many nations central banks have kept away from supervising Bitcoins themselves. But the country's government has been moving toward greater regulatio n of digital currencies in recent weeks, introducing a new law in late December that gives authorities the power to shut down bitcoin exchanges. Bitcoin btcbtsp reduced by over 10 percent on Luxemburg based Bitstamp at 13,200, only months since its earlier drop went down to as low as 13,120. Choose the subscription that is right for you. Show chapters, south Korea's justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country. Cnbc's Chery Kang, Evelyn Cheng and Reuters contributed to this report. At Park Sang-kis office, a press official said that the proposed ban on Bitcoin trading had been looked into and was only announced after thorough discussion with other important stakeholders, government agencies and financial regulators, including the South Korean Ministry of Finance. On Monday morning, CoinMarketCap removed Bitcoin prices from South Korean exchanges since the coin was down around 12 percent, which triggered widespread sell-off by investors.
South Korea considers Bitcoin trading ban - BBC News
South korea ban bitcoin
Seit wann gibt es bitcoin, All about bitcoin wallet, How to build own bitcoin miner, Where can i sell my bitcoins for cash,
That news from the justice minister comes after the country's largest cryptocurrency exchanges were raided by police and tax agencies this week for alleged tax evasion, people familiar with the investigation told Reuters. Meanwhile, 5 percent of all bitcoin are traded against the won. The South Korean government receives widespread backlash for its tough stance regarding virtual Bitcoin amid a proposed ban. Discount offer for new customers only and further. Try full access for 4 weeks. Park added that he couldn't disclose more specific details about a proposed shutdown of cryptocurrency trading exchanges in the country, adding that various government agencies would work together to implement several measures. Bithumb, one of the biggest cryptocurrency exchanges in the world, said it was visited by tax officials this week. In-depth analysis on trade, emerging markets, M A, investing and more ePaper a digital replica of the newspaper. South Koreas Domestic Exchanges, on the countrys domestic exchanges, the local value of Bitcoin has plunged.5 percent in trade to over.3 million after the Justice Ministers announcement. Korea's top financial watchdog, the FSC (Financial Services Commission) Chairman Choi Jong-ku, noted that the ministries are in discussion over the extent of trade regulation.