South Korea Prepares Bill To Ban Cryptocurrency Trading, Raids Largest Exchanges For Tax Evasion

Thursday, January 11, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Wed, 01/10/2018

Update: Reuters is now piggybacking on the previous report from Bloomberg, with the news that South Korea’s justice ministry said on Thursday it was 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.

Ripple is down 25% today and now down 20% YTD…

The Rest…HERE

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