The South Korean government is working on a series of measures, such as prohibiting the opening of anonymous crypto money accounts and allowing regulators to close their virtual money platforms when necessary.
The price of Bitcoin has been reduced by more than a thousand dollars.
South Korean government speculates on crypto-currency trading in the country
will bring additional measures to regulate.
"The government has said several times that virtual money can not play a real currency role and cause high losses because of excessive volatility," the government said in a statement.
In the explanations, the transaction prices of many virtual currencies in South Korea
are much higher than those traded in stock markets in other countries
According to the Korea Broadcasting Service Korea Biz Wire, the two major banks will end the service of "converting credit card accumulation scores to bitco". KB Kookmiin and Shinhan banks can purchase Coinplug, which is a cryptorole unit with KB Kookmin Card and Shinhan Card points and signing a partnership agreement with both banks, according to the current practice implemented by the banks.
Choi Hong-sik, managing director of the Korean Financial Supervisory Commission, said at the beginning of the month that measures to be taken by the South Korean government against the cryptoparae would take place, "We will prevent the banks from trading with crypto money."
In Korea Biz Wire news, after Choi's explanation, the banks put an end to cryptographic exchange services.
Starting at 14,781 dollars a day, Bitcoin was tilted at 13,550 bucks with the news. Bitcoin was traded at $ 13,775 at 09:00.