SEOUL: 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 7:13am 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.
Bitcoin prices fall as South Korea says ban still an option
Bitcoin prices fall as South Korea says ban still an option
