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[Korea] Top financial regulator calls on banks to ‘gate-keep’ cryptocurrency craze


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During the press conference, Choi declined to comment on detailed plans to impose tax on cryptocurrency transactions. Also, he did not elaborate on consequences that banks would face in case of any regulation breach, other than suspending virtual account supplies.

The bitcoin price remained unaffected by the news. A bitcoin in Korean exchanges was trading at 25.2 million won as of 4:40 p.m., up 0.8 percent from a day prior, which was nearly 50 percent more expensive than the world’s average, according to crypto coin price tracker Coinass.

Coinass? ?

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