Sentences with phrase «korean justice minister»

On Thursday, the South Korean justice minister said the government was preparing a bill to ban cryptocurrency trading, sending the price of Bitcoin down.

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.

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.

After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

Seoul To Regulate After «Sufficient Consultation» After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

For example, in January 2018 the South Korean justice minister said the government might 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.

Seoul To Regulate After «Sufficient Consultation» After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

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.»

Not exact matches

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

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.

Bitcoin / code of conduct / controversy / coordination / Criticism / crypto / Cryptocurrencies / crytocurrency / Digital Currency / FSC / insider trading / korea / korean / Lee Nak - yeon / ministry of justice / N - Featured / pm / prime minister / Regulation / South Korea / Standards / trading / Virtual Currencies / virtual currency

In other news, the Korean government again appears to be attempting to calm the markets after the justice minister aired a plan to to ban trading at cryptocurrency exchanges — a statement that send cryptocurrency prices sliding.

The backlash from the Korean public was immediate and fierce, compelling the official office of the Korean president to release a statement cooling fears of a ban on trading, on the same day of the justice minister's statement.

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.

Up until last week, South Korean investors feared that banks would cut money flow into the market by disabling bank accounts, as the Justice Minister claimed in his controversial premature statement about the cryptocurrency market.

A quick reminder; the idea of the ban was floated by the South Korean Minister of Justice, who's allegedly blamed to have caused the massive crash in crypto prices in January.

«The issue of shutting down (cryptocurrency) exchanges, told by the justice minister yesterday, is a proposal by the justice ministry and it needs consultations among ministries,» South Korean Finance Minister Kim Dong - yeon said, according to Yonhap Newsminister yesterday, is a proposal by the justice ministry and it needs consultations among ministries,» South Korean Finance Minister Kim Dong - yeon said, according to Yonhap NewsMinister Kim Dong - yeon said, according to Yonhap News Agency.