Tags: AS | SKorea | Digital Currency

Bitcoin Prices Fall as South Korea Says Ban Still an Option

Tuesday, 16 January 2018 02:38 AM

SEOUL, South Korea (AP) — Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said a crackdown on trading of crypto currencies was still possible.

Finance Minister Kim Dong-yeon said Tuesday in an interview with local radio station TBS that banning trading in digital currencies was "a live option." He said the decision was subject to a thorough government review.

Bitcoin was trading at $13,209.25, down 2.8 percent from the day before as of 7:13 a.m. GMT, according to Coindesk, after falling earlier by as much as 7 percent.

Last week, the justice minister's remark that the country will ban bitcoin and other digital currencies triggered big sell-offs and a public outcry. The presidential office then said that no final decision had been made.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Asia
Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said a crackdown on trading of crypto currencies was still possible.Finance Minister Kim Dong-yeon said Tuesday in an interview with local radio station TBS that...
AS,SKorea,Digital Currency
129
2018-38-16
Tuesday, 16 January 2018 02:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved