South Korean government preparing bill to ban crypto trading

Just as my story about the Chinese government and authorities putting their boot down onto cryptocurrency miners in China, the South Korean justice minister said he's preparing a bill a ban on cryptocurrency trading through South Korean exchanges.

Park Sang-ki said in a press conference: "There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges".

There are no other details on South Korea's movements in banning cryptocurrency trading on SK exchanges, but it will be working directly with the government task force on it.

More Crypto News/Content:

Ethereum pricing goes nuts, reaches yet another high: $1417

Ripple (XRP) sets a new all-time record price of $3.17

Ethereum closes in on $1000, momentum isn't stopping

Ethereum reaches new record all-time high price of $870

Ripple (XRP) value blows up, bypasses Ethereum's market cap

Crypto expert kidnapped, had to pay $1 million BTC ransom

UnikoinGold is now available on Bittrex

Bitcoin could be worth $0, according to Morgan Stanley

Facebook Messenger malware mines Monero on users' PCs

Using 'blockchain' in new name, company shares rise 500%

MiningSky 8-GPU Mining Rig V1 Review

French dominatrix pimps clients out in 'Crypto Slave Farm'

North Korea hijacking cryptocurrency industry workers

Analyst: Bitcoin on its way to $400,000 - will happen soon

You can now mine cryptocurrency with your BODY