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S. Korea Responds To Public Petition: No Crypto Trading Ban, But Gov’t ‘Still Divided’
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.

“There is no intention to ban or suppress cryptocurrency,” finance minister Kim Dong-yeon said in statement Jan. 31.

Today’s statement from the government emphasizing the “many opinions” at play makes clear that a final decision has yet to take place in the country.

The statements come just a day after another government source suggested a licensing scheme for crypto exchanges could be established following elections in June this year. The government official noted that the proposed system was modelled on New York’s BitLicense.

In Japan, a similar move to regulate crypto exchanges via a licensing system that began in 2017 is functioning successfully.

https://cointelegraph.com/news/s-ko...-no-crypto-trading-ban-but-govt-still-divided

With the social adoption of Crypto currencies I feel that this is the beginning of a very long process - there will be high's and low's but in the end - regulation is good - and puts a 'stamp of approval' on the system and adoption will continue.