Sentences with phrase «ban ki»

Not exact matches

At a news conference, Justice Minister Park Sang - ki stated, «There are great concerns regarding virtual currencies and the Justice Ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.»

Initial reports explained that at a news conference, South Korean Justice Minister Park Sang - ki stated, «There are great concerns regarding virtual currencies and the Justice Ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.»

Second, the proposal to ban cryptocurrency trading was made by Justice Minister Park Sang - ki on 28 December in order to counter speculations on the cryptocurrency market.

«There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,» Reuters has quoted Park Sang - ki as saying at a Justice Ministry press conference.

Reuters reported Justice minister Park Sang - ki said the government is preparing a bill to ban cryptocurrency trading on domestic exchanges.

Reuters reported comments from Korean Justice Minister Park Sang - ki who said claimed his ministry «is basically preparing a bill to ban cryptocurrency trading through exchanges» following «enough discussion» with a range of government agencies, including the finance ministry.

Justice minister Park Sang - ki spoke of the executive was getting ready a bill to ban buying and selling of the virtual foreign money on domestic exchanges.

In a video posted to the presidential website Wednesday, South Korea's minister of Governmental Policy Coordination, Hong Nam - ki, said the government would look at making cryptocurrency trading more transparent, instead of banning it outright, as previously feared, Bloomberg reported.

«There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges» Sang - ki at a press conference.

«There are great concerns regarding virtual currencies, and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,» Park Sang - ki said.

Apart from the most popular petition to prevent cryptocurrency trading ban from being imposed, many petitions have been submitted by South Korean citizens requesting the government to remove Park Sang - ki, the head of the Justice Ministry, from office.

Consequently, the Ministry of Strategy and Finance along with other member agencies of the South Korean cryptocurrency task force stated that they do not support or agree with the Ministry of Justice and its head Park Sang - ki's decision to impose a ban on cryptocurrency trading.

On 11 January, South Korean Justice Minister Park Sang - ki said that the ministry was preparing a decree banning trade in virtual currencies on Korean exchanges.

Instead of an all - out ban on domestic exchanges, policymakers are no focusing on making cryptocurrency trading more transparent, according to Hong Nam - ki, Minister of the Office for Government Policy Coordination.

Over the past 48 hours, the global cryptocurrency market struggled to rebound from a major correction triggered by South Korea Ministry of Justice head Park Sang - ki's premature statement on a cryptocurrency trading ban, which was refuted by the country's Ministry of Strategy and Finance, and the Blue House, the executive office of President Moon Jae - in.

«There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,» Minister of Justice, Park Sang - ki, was quoted, according to Reuters.

According to Choi Heung Sik, the director of South Korea's Financial Supervisory Service (FSC), the country's integrated financial regulator that examines and supervises financial institutions, several officials and employees of the FSC sold bitcoin immediately before the premature statement on a possible cryptocurrency trading ban was released by Justice Minister Park Sang - ki.

This was prompted by Justice Minister Park Sang - ki's remark, «There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.»

When Justice Minister Park Sang - ki originally hinted at «preparing to enact a special law to ban virtual currency trading through the exchange and to close the exchange,» Bitcoin reacted sharply, dropping by some $ 3500 over the past week.

«The cryptocurrency trading ban proposal introduced by Justice Minister Park Sang - ki was a suggestion made by the Justice Ministry on December 28 to bring speculation within the cryptocurrency market under control.

«There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,» Minister of Justice, Park Sang - ki, was quoted, according to

The price of bitcoin, the world's most popular cryptocurrency at present, took a beating Thursday after reports said South Korean Justice Minister Park Sang - ki was planning a ban on cryptocurrency exchanges in the country, which is a global hub for such trading platforms.

In a statement earlier today, Justice minister Park Sang - ki said: «There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.»

On Jan. 11, Justice Minister Park Sang - ki proposed banning crypto trading in a press conference.

The market continues to struggle following South Korea's Justice Minister Park Sang - ki false claim on Jan. 11 that the government is drafting a law to effectively ban cryptocurrency trading.

The extent of public backlash after Justice Minister Park Sang - ki suggested laws were in the works to ban cryptocurrency exchanges and trading was such that the government as a whole was obliged to clarify its position shortly afterwards.

At a press conference this morning, Justice minister Park Sang - ki said that the government is drafting a bill that would ban all trading of virtual currencies on exchanges located in South Korea.

The Cointelegraph noted that Justice minister Park Sang - ki, who said earlier this week that the government is working on a bill to ban Bitcoin trading on domestic exchanges, is at risk of losing his job, as more than 60,000 citizens signed a petition voicing their support of his removal; minister Park is said to have acted independently and without having consulted the local task force in charge of regulating cryptocurrencies, or even the Ministry of Strategy and Finance (also a part of the task force that's currently being set up).

In early December of last year, South Korea's Justice Minister Park Sang - ki was heavily criticized for his premature statement on a non-existent cryptocurrency trading ban bill.