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South Korea joins Asian trend as it mulls ban on bitcoin

Chicago futures trading kicks off amid debate over regulating cryptocurrency

KIM JAEWON, Nikkei staff writer | China

SEOUL -- The South Korean Ministry of Justice is considering imposing a total ban on trading in bitcoin, other cryptocurrencies and digital tokens in order to protect individuals from potential scams, a ministry official told the Nikkei Asian Review on Dec. 11.

While the finance ministry and some legislators are likely to oppose the justice ministry's move, the discussion itself reflects a growing trend among Asian governments toward tighter controls on the use of cryptocurrencies.

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