The financial regulator of South Korea said Tuesday that the government will support the transaction of cryptocurrencies. This message appeared three weeks later after the authorities banned scriptacolous through anonymous Bank accounts.

Recall, January 30, South Korea launched a trading system real-name for transactions with cryptocurrencies to prevent the use of digital coins for money laundering and other crimes. At the thought of the government, this system should also prevent speculative investments in cryptoprocta.

Recently, the Governor of the Financial Supervisory Service of South Korea Chou Hyung-Sik held a meeting with representatives of cryptocurrency exchanges, during which he stated that the government “will maintain the normal transaction [crypto-trade]”.

Currently, local banks, as reported by the media, reluctant to open a virtual account for cryptotrading. Chou Hyung-Sik said that the government “encourages” banks to make transactions with the exchange of cryptocurrencies.

Despite the growing popularity of cryptocurrency transactions, stock exchanges South Korea are regulated by a little since digital coins are not recognized as financial assets. The country has no rules to protect virtual currency investors.

We will add, despite the strengthening of measures to regulate the stock market in South Korea will have several cryptocurrency exchanges. 12 Feb start exchange platform Zeniex having in the starting portfolio 9 cryptocurrencies, including Ripple.

The same news, only to Telegram. Without advertisements and spam.

The message the South Korean Government will support the trade of cryptocurrency appeared first on Cryptocurrency Ripple (XRP): news, course, the forecast value.