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Korea's Prime Minister Is Worried Bitcoin Is Corrupting Kids

Bloomberg business news
Bitcoin: What’s Coming in the Year Ahead

South Korea’s prime minister has hit out against digital currencies, saying they could lead teenagers to get involved in pyramid schemes and drug crimes.

Young peoples’ embrace of cryptocurrencies was discussed at a meeting of the country’s cabinet on Tuesday, according to an online statement. Prime Minister Lee Nak-yon said students were jumping into the “raging” market to make a quick buck, leading some to get embroiled in fraudulent crime.