South Korea keeps investors guessing on cryptocurrency regulation

South Korea has yet to decide how to regulate crypotocurrency trading, Hong Nam-ki, minister of office for government policy coordination said, highlighting Seoul’s struggles to supervise a market that critics say remains opaque and vulnerable to risks such as money laundering.

Hong said the government’s primary desire is to foster transparency in cryptocurrency trading, with regulators monitoring any illegal activity. Nonetheless, a decision on whether to ban trading in exchanges or bring them on to the mainstream remains a controversial subject.

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