South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions

South Korea’s top financial regulators have clarified that they have been considering a possible ban on all cryptocurrency transactions, particularly bitcoin.

On Monday, Financial Services Commission (FSC) Chairman Choi Jong-ku said:

"We are discussing to what extent the government will regulate the trade, including the prohibition of trade."

FSC vice chairman Kim Yong-beom, who is part of the task force, was quoted on Monday by Joongang Daily:

"There is an opinion that we should hurry to ban virtual currency transactions within the task force, but we will analyze the legal basis and the market impact in a comprehensive way."

Reiterating the regulators’ earlier plans to regulate cryptocurrency exchanges, Yonhap conveyed:

"It is expected that the government measures related to virtual currency will not be a one-sided regulation that prohibits virtual currency trading altogether, but a regulation that limits investment amount and investment qualification."

but what is next...
"On Sunday, Cboe will launch bitcoin futures contracts and becoming the first regulated U.S. exchange to do so.

The exchange stole a march on city-rival CME, that will list its own bitcoin futures on December 18.

New York’s Nasdaq, the world’s second-largest stock market, is also planning to list bitcoin futures contracts before mid-2018."

source
https://news.bitcoin.com/south-korea-reports-ban-all-crypto-transactions
https://www.cryptocoinsnews.com/breaking-south-korea-preissues-ban-bitcoin-futures-trading/