The South Korean Finance Minister announced yesterday that they would be drafting a bill to ban cryptocurrency trading in the region.

Today, the public has responded:

(Source:

https://twitter.com/iamjosephyoung/status/951710054868135936

- iamjosephyoung

Over 100k signatures have been filed to reject the trading ban proposal and another 30k signatures have filed for the removal of the two ministers from their positions.

Ouch!

I would imgaine that they didn't think drafting such a bill could potentially cost them their jobs!

Oh and by the way, shortly after the news broke about South Korea potentially banning cryptocurreny trading, this was released:

(Source:

https://twitter.com/iamjosephyoung/status/951428854085689344

- iamjosephyoung

Isn't that nice.

To recap:

There is likely no trading ban in South Korea in the short term.

AND...

The earlier announcement might conceivably cost some officials their jobs.

Stay informed my friends.

Follow me: @jrcornel