The south Korean government is concerned that the Bitcoin is leading the young people to the drug

“There are cases in which young Koreans, including students, use crypto-currencies to quickly make money with illegal activities such as drug trafficking or other types of fraud “, is concerned Lee Nak-yeon, the first south Korean minister.

Protect young people

The Prime minister of South Korea is decidedly not a fan of the youthful enthusiasm of his country for the Bitcoin, and has given warnings about this. “This can lead to serious distortion or phenomena that are social and pathological ; if we do not deal with it “, he lamented. It is important to remember that South Korea is a giant in the ecosystem Bitcoin, even if his government has a difficult relationship with crypto-currencies.

A paradox amazing

South Korea is a country that is ultra-connected. And as such, it has all the necessary infrastructure to accommodate the Bitcoin and crypto-currencies in general. However, the government of the country has a relationship and almost schizophrenic with the Bitcoin. Moreover, recently, the government has banned the ICO, and has warned of the imminent arrival of legislation specific to the exchange of crypto-currencies. Thus, one can think that the remarks of the Prime minister left the door open to a future decision hostile to the State.

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South Korea is not an isolated case

If we look at the situation in other countries of the world, it remains difficult to clearly see a trend. All that is known is that some regulatory authorities seem to be more open than others when it comes to crypto-currencies. For example, what happens in Mexico is encouraging for the future of crypto-currencies. In effect, the director-general of the central Bank, Alan Elizondo, presented a new draft amendment to the law on financial technology, which would allow banks and financial institutions handling the crypto-currency.

Source : News.Bitcoin