S. Korea to Decide on Crypto Trading Only After Government Talks
- Officials respond to speculation about imminent shutdown
- Real-name cryptocurrency accounts system will start as planned
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South Korea’s government will decide whether to pursue a bill to shut down cryptocurrency exchanges only after “sufficient discussions and opinion coordination” across departments, the Office for Government Policy Coordination said.
The nation will in the meantime begin a planned real-name system for cryptocurrency accounts and take firm measures on illegal trading, the Office said in an emailed statement on Monday. It also said that South Korea will provide support to research and development relating to blockchain technology.