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Young South Koreans slam cryptocurrency trading crackdown

Many see a path to riches in a country plagued by wealth gap

A cryptocurrency exchange in Seoul draws attention. South Korea may close trading floors for such currencies.

SEOUL -- South Korea's plans to shutter cryptocurrency exchanges on concerns over speculative bubbles have sparked an outcry among younger investors who see virtual currency as a fast-track path to wealth.

Justice Minister Park Sang-ki dropped a bombshell Thursday, saying the ministry is preparing legislation to ban cryptocurrency trading through exchanges. Closing trading floors is one of the ministry's goals, Park added.

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