The government of South Korea announced that it would prohibit foreigners and minors from dealing with currency trading or opening accounts in local banks. This is reported by ZDNet.
Such a statement was made after an emergency meeting of high-ranking representatives of financial regulators, at which the risks of trading crypto-currencies were discussed.
According to the publication, the country will also introduce a profit tax on virtual money and will tighten requirements for the authentication of traders.
In turn, banks and other financial institutions will not be able to own, buy and mortgage crypto-currencies or their derivatives. In addition, transactions with the participation of virtual money institutional traders will be able to perform exclusively on stock exchanges.
Last week, the price of bitcoin in South Korea ranged from 14 million won ($ 13,000) to 25 million won ($ 23,000). As a result, officials expressed fears that the crypto-currency sphere could be a financial bubble because of "unchecked speculation."
It is also noted that the departments will make every effort to prevent losses of "ordinary" investors and suppression of speculation on stock exchanges. However, the full prohibition of crypto currency is out of the question, since such a move could hamper the development of financial technologies.