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No decision taken on the prohibition of the cryptocurrency exchange: the presidential office of Korea

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The Executive Office of the President of South Korea issued a statement on the draft law on closing the cryptocurrency transactions of justice with the proposal to close all cryptocurrency exchanges in the country.

While the Ministry of Justice is trying to stop the cryptocurrency trade in the country, Cheong Wa Dae (the Blue Presidential House) – the executive bureau and the official residence of the President – has issued its own remarks on the proposed hard line ban after presenting more than 1,000 public petitions against the closure of cryptocurrency trading, on its website.

Yoon Yang-chan, press secretary of South Korean President Moon Jae-in, pointed out that the adoption of a general ban on the local industry of cryptocurrency by the Ministry of Justice is only one measure among others. be done.

The official statement, as reported by Yonhap news, was as follows:

"Remarks by Justice Minister Sang-ki regarding the closure of cryptocurrency exchanges are one of the measures that have been prepared by the Ministry of Justice, but they are not not finalized and will be finalized process with each government department. "

Earlier in the day, Korean Justice Minister Park Sang-ki said that the ministry was preparing a law that would ban any transaction on a virtual currency through exchanges of information. cryptocurrency. The official expressed "serious concerns" about the increased adoption and "craze" of the general public for cryptocurrencies.

As reported by CCN in mid-December, when the Korean Ministry of Justice proposed for the first time a total ban on trading in crypto-currencies like bitcoin, the plan was sure to meet with the government. opposition from the government. And that turned out, with the Ministry of Finance, against the proposed ban.

"We do not share the same views as the Justice Ministry on a possible ban on cryptocurrency exchange," MSF said.

The proposed bill, even if it is likely or improbable, will still require a majority vote among the 297 members of the National Assembly before it is passed, which could take several months or even years.

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