South Korea will not close the exchange platforms for crypto-currencies

It is quite a relief for many investors. The minister of Finance of South Korea has just declared that the government did not intend to close exchange platforms for crypto-currencies.

Confusion since the beginning of January

For several weeks, confusion reigns in South Korea. The government seemed beautiful and well decided to regulate crypto-currencies, and even conceive of close exchange platforms. What would have been a disaster for investors. Finally, Seoul has clarified his position last night. The minister of Finance is, in fact, out of the silence. He said that the citizens would be alive and well the rights to exchange the crypto-currency. Kim Dong-Yeon, the south Korean minister, said : “there is no intention to prohibit [the markets] of crypto-currencies, or to prevent them to operate. “

Pixabay – Geralt

On the other hand, the trading platforms will be regulated, the aim being to guarantee the safety of investors. This is great news for the traders south Korean digital currency that had huge fears about their future.

Persistent concerns

It must be said that the statements of the minister of Justice of south korea at the beginning of the month of January had made a stir. In fact, the politician had announced that he wanted to ban the trading platforms of crypto-currencies. Which had generated the anger and the concern of the investors. A few days later, the spokesperson for the government had indicated that it was only a suggestion and that it was mostly a question of developing a regulatory framework.

Bitcoin-South Korea/Source :

Moreover, the president of the Fair Trade Commission, Kim Sang-Joo, had recalled : “The closure of these platforms is not realistically possible. If one relies on the laws that govern electronic commerce, the government does not have the power to close the trading platforms of crypto-currencies. “And he had indeed good reason for it.

Today we know, therefore, that the exchange platforms will not be banned. On the other hand, they will certainly be heavily regulated.

Source : NCC