South Korea's president, Jae-in's spokesperson, Ki-Joon said...
“First, the South Korean government will pursue the crackdown on anonymous cryptocurrency trading accounts and will punish market manipulation, money laundering, and fraudulent transactions through joint investigations participated by the local law enforcement and financial authorities.
Second, the cryptocurrency trading ban proposal introduced by Justice Minister Park Sang-ki was a suggestion made by the Justice Ministry on December 28 to bring speculation within the cryptocurrency market under control. The proposal will be discussed and changed by the task force participated by the Ministry of Strategy and Finance, central bank, Fair Trade Commission, and other agencies.
Third, excessive speculation and fraudulent activities will be met with severe consequences. But, the government will support and even finance blockchain technology development.”
Bitcoin's is on the rise as well. Do you think it's time for bitcoin to hit another all time high? Is the market secure enough?
It is to be expected that governments will take more interest in cryptocurrencies. Not all that will come out will be positive or pleasant. After all, their job is to support the status quo, to enrich themselves and those in power. With cryptos, the wrong people are getting rich and they will do their best to change that.
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