Financial Services Commission (FSC) Chairman Choi Jong-Ku said on Monday that it was considering measures to restrict cryptocurrency transactions to some extent which includes “an all-out ban.”
“We are discussing to what extent the government will regulate the trade. Including the prohibition of trade”. he said at an at a luncheon meeting on Monday.
The clarification comes after news spread on Friday that South Korea was already considering banning all kinds of transactions.
great clickbait title for this thread. not only has legislation not even begun, it's just the chairman of the commission dropping some statements about considerations that may or may not take place. that being said, personally, i'm surprised that the chairman feels this way, but individuals do have their own thoughts and opinions, it's just politics. however, even though this may be the mindset of the chairman, i doubt that a complete ban would actually go through, it's not as if law is implemented just because the chairman of the commission says they want it. “We are discussing to what extent the government will regulate the trade. Including the prohibition of trade”. he said at an at a luncheon meeting on Monday.
The clarification comes after news spread on Friday that South Korea was already considering banning all kinds of transactions.
Every month the same news. It makes me sick 
South Korea will not ban cryptocurrencies man. They will regulate it, because it’s a monster business nowadays.
thats what i feel will be the end result after all the politics passes, but that's hopeful thinking on my part i think. certainly would be nice though, having a regulated environment that would provide a safe environment for the development of cryptocurrencies. South Korea will not ban cryptocurrencies man. They will regulate it, because it’s a monster business nowadays.
