Wednesday, 10 January 2018

Breaking News - S.Korea's justice minister says preparing a bill to ban cryptocurrency trading

Breaking news – Bali news and views editors comments.

Both China and now Korea are coming down hard on cryptocurrencies and this could mean the beginning of the end for short time and a major crash. 

I only wish I had an opportunity to short this market right this moment but time prevents.

To my friends who own cryptocurrencies this may be a warning. If you have handsome profits this might be time to take them, stand aside and see what happens. 

You could always get back in.

Published 26 Mins AgoReuters

SEOUL, Jan 11 (Reuters) - South Korea's justice minister said on Thursday the ministry is preparing a bill to ban cryptocurrency trading through its exchanges.

"There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges," said Park Sang-ki at a press conference, according to the ministry's press office.

He added that he cannot disclose details about the proposed shutdown of virtual currency exchanges but will jointly work with the government task force.

(Reporting by Dahee Kim; Editing by Shri Navaratnam)

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