South Korea apparently wants to shut down cryptocurrency trading. Korea’s finance minister on Friday said that relevant officials need to hold more consultations over the justice ministry’s plan to ban cryptocurrency exchanges in the country.”All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation,” Minister Kim Dong-yeon told reporters, according to news agency Yonhap.”The issue of banning exchanges that the justice minister talked about yesterday is a proposal by the Justice Ministry and it needs more coordination among ministries,” Kim added.
Source: South Korea cryptocurrency justice ministry softened stance – CNBC
Euro at Three Year High on Possible Coalition Deal
EUR/USD – Euro Soars to 3-Year High as German Coalition Talks Show Progress
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Latest posts by Craig Erlam (see all)
- Market Insights Podcast (Episode 285) - 21 January 2022
- Week Ahead – Fed and earnings in focus - 21 January 2022
- Oil prices ease, gold may have room to run - 21 January 2022