Sentences with phrase «justice minister park»

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.

«Justice Minister Park Sang - ki's remarks regarding the shutdown of cryptocurrency exchanges is one of the measures that have been prepared by the Justice Ministry, but it is not a finalized decision and will be finalized through discussion and a coordination process with each government ministry,» the chief presidential press secretary said in a statement, as cited by the Yonhap news agency.

The perspective has changed rapidly after comments by justice minister Park Sung - ki resulted in a public backlash and a petition to have him and finance minister Kim Dong - yeon fired for «market manipulation.»

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).

«Justice Minister Park's comments related to shutdown of cryptocurrency exchanges is one of the measures prepared by the Ministry of Justice, but it's not a measure that has been finalized,» the person said.

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 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.

In spite of recent internal debate, most notably involving Justice Minister Park Sang - ki, the official line from the government is a relatively hands - off approach.

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.

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

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.»

A spokesperson from the office was quoted saying «Justice Minister Park Sang - ki's remarks regarding the shutdown of cryptocurrency exchanges is one of the measures that have been prepared by the Justice Ministry, but it is not a finalized decision and will be finalized through discussion and a coordination process with each government ministry.»

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.

«Justice Minister Park's comments related to shutdown of cryptocurrency exchanges is one of the measures prepared by the Ministry of Justice, but it's not a measure that has been finalized,» a spokesperson said.

Newsagency Reuters reported on Thursday that South Korea's justice minister Park Sang - ki was preparing a bill that would outlaw the buying and selling of...

«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.

The official was offering his take on the recent controversial statements by the country's justice minister Park Sang - ki.

In the afternoon of January 11, the South Korean government made an official announcement to the public through the Blue House that it will not impose a cryptocurrency trading ban in the short - term, and that the premature statement of Justice Minister Park does not reflect the stance of the South Korean government.

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.

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.»

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.

The Ministry of Strategy and Finance went on to say that the agency does not support and agree with the premature statement Justice Minister Park.

In essence, a complete shutdown of domestic cryptocurrency exchanges «would be one of the goals we are aiming for,» justice minister Park said.

In a press briefing today, South Korea's justice minister Park Sang - ki stated in quotes reported by local publication Yonhap News:

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.

Justice Minister Park will not be removed from office because of this situation and it is highly unlikely that he will face any punishment for his actions.

On January 11th, Justice Minister Park Sang - ki informed the public of a new bill targetted at illegalizing all cryptocurrency trading (at exchanges) in South Korea.

«Today, Justice Minister Park independently released a statement on a cryptocurrency trading ban policy that was not agreed upon by the government and the Ministry of Strategy and Finance.

Justice Minister Park Sang - ki on Thursday said the government is drafting legislation that would shutter all virtual currency exchanges in the country, but would a bill actually pass?

Kim had faced a 200,000 - strong petition demanding he be fired from his position after the comments, which along with those by justice minister Park Sang - ki, sent shock waves through cryptocurrency markets and sparked public outrage.

On January 11, Justice Minister Park stated that the ministry is working on drafting a cryptocurrency trading ban bill in order to close down cryptocurrency exchanges.

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.

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.

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

The perceived discord from top Korean officials is a carry over from January 11, 2018, reports where Justice Minister Park Sang - ki stated regulators were preparing legislation to halt cryptocurrency trading.

The perceived discord from top Korean officials is a carry over from January 11, 2018, reports where Justice Minister Park Sang - ki

«There are great concerns regarding virtual currencies,» explained justice minister Park Sang - ki, at a news conference attended by Reuters.

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.

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.»

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.»

Not exact matches

Last week, Park Sang - ki, The Justice Minister of Korea made a statement outlining that the Ministry wants to act to close cryptocurrency exchanges operating in the country.

«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 Rjustice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,» Minister of Justice, Park Sang - ki, was quoted, according to RJustice, Park Sang - ki, was quoted, according to Reuters.

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The justice minister, Park Sang - ki, said this week that the government was preparing legislation to halt the trading of Bitcoin, Monero and other virtual money.

This hysteria was prompted by inappropriate comments by the Minister of Justice, Park Sang - Ki, who loosely disclosed that the government is going to «ban all crypto,» despite the bill regarding crypto regulation still being in the drafting stage.

The signing of the Civil Partnership Commencement Orders by Dermot Ahern TD, Minister for Justice and Law Reform on Thursday 23rd December 2010 in the Clonliffe Room, Jury's Hotel, Croke Park Stadium, Jones Road, Dublin.