A South Korean pan-governmental meeting has taken place to discuss the nation's cryptocurrency market as bitcoin prices rise, KBS World Radio writes. For the fir...
A South Korean pan-governmental meeting has taken place to discuss the nation's cryptocurrency market as bitcoin prices rise, KBS World Radio writes. For the first time in a year, bitcoin has reached the value of ten million won.
The meeting was headed by Minister of the Office for Government Policy Coordination Noh Hyeong-ouk, with officials from the Ministry of Economy and Finance, the Justice Ministry and the Financial Services Commission participating.
South Korean institutions are going to keep a close look on local cryptocurrency exchanges and in case of market overheat, “take action to minimize the ramifications on investors.” Moreover, they’re going to counter potential fraud by co-operating with law enforcement authorities and relevant financial institutions.
source https://www.tokentalk.co/The Block/south-korea-to-observe-cryptocurrency-market-following-bitcoin-price-spike-5ced8da1df09c5516d287def
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