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Digital currencies tumble after South Korea considers trading ban

January 11, 2018 3:01 PM
22 0

A hotbed for currencies like bitcoin, South Korea’s justice minister said Thursday that the country plans to ban crypto currency trading, but the presidential office said later that a ban is under review, though no policy changes have been made.

The value of numerous forms of digital currency is tumbling after South Korea, a hotbed for currencies like bitcoin, said it was weighing a trading ban.

The country’s justice minister said Thursday that South Korea plans to ban crypto currency trading, but the presidential office said later that a ban is under review, though no policy changes have been made.

The justice ministry has taken the sternest stance on digital currencies among the nation’s ministries, though other South Korean agencies oppose an outright ban.

Bitcoin slid 8 per cent, to $13,698, according to Coindesk. Etherium, another popular digital currency, fell 2.1 per cent, to $1,222.

Source: thestar.com

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