As we reported earlier, the recent pressure from the government to cryptocurrency exchanges intensified.
This is largely due to the position of Minister of justice, who is a staunch opponent of cryptocurrency. The Ministry of justice even prepared a special draft law, which assumes that all of the crypto operations on the exchanges will be illegal.
But as it became known today, it is not the official position of the government, and the Minister of Finance of South Korea officially declared that does not agree with this position of the Minister of justice. To prevent further speculation on this topic, the South Korean government today made an official statement on the matter. The statement said that the government has no plans to ban the activities of cryptocurrency exchanges in the country in both the short and long term.
This became known from the tweet by Joseph young, a financial analyst and journalist specializing in Asian markets. It is also one of the authors of the leading English-language publications of cryptocurrency: Hacked, CCN, CoinTelegraph and others:
In an official announcement, the South Korean government reaffirms there will be NO TRADING BAN for #cryptocurrency market in the short term and NOTHING IS FINALIZED. A petition to fire the head of the Ministry of Justice over the #cryptocurrency trading fiasco filed. pic.twitter.com/tb5tDvIV2K— Joseph Young (@iamjosephyoung) January 11, 2018
Official statement: the South Korean government confirmed that it has no plans to ban the activities of cryptocurrency exchanges in the country in the short term. The final decision is still pending.
The activists also sent a petition to send to the Minister of justice resigned because of the persecution of crypto-currencies.