英语资讯
News

VOA慢速英语:韩国计划禁止比特币交易

Source: 恒星英语学习网    2018-01-12   English BBS   Favorite  

South Korea said on Thursday it plans to ban trading of cryptocurrency, including the popular bitcoin.

The announcement sent bitcoin prices much lower and created unrest in the cryptocurrency market.

Justice Minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual money on South Korean currency exchanges.

He said, "There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges."

The price of bitcoin in South Korea dropped as much as 21 percent immediately after the minister's comments.

Around the world, one bitcoin was valued at about $14,000 on Thursday, January 11. Over the past year, the price moved from less than $1,000 in January 2017 to a high of $19,000 last month.

Bitcoin is different from national currencies, which are supported by governments and national banks. It is stored as a line of computer code. It is not printed on paper or something you can hold.

Bitcoin is similar to real money because you can spend it without using your real identity, as you do with a credit card. People who want to buy and sell things anonymously like bitcoin.

Exchanges of bitcoin in South Korea

By Thursday afternoon, more than 55,000 South Koreans called on the government to stop the proposed ban.

After the price drop, the South Korean president's office said a ban on cryptocurrency exchanges had yet to be finalized. It said the ban was one of the measures being considered.

A press official at the justice ministry said the proposed ban on cryptocurrency trading came after "enough discussion" with finance ministry and financial officials.

Once a bill is written, legislation for a ban of virtual coin trading still requires a majority of the vote in the National Assembly. It is a process that could take months or even years.

Mun Chong-hyun, chief analyst at EST Security, told Reuters the ban "will make trading difficult here, but not impossible."

Mun added, "Keen traders, especially hackers, will find it tough to cash out their gains from virtual coin investments in Korea but they can go overseas, for example, Japan."

Park Nok-sun is a cryptocurrency expert at NH Investment & Securities. Park said "Some officials are pushing for stronger and stronger regulations because they only see more (investors) jumping in, not out."

South Korean officials are worried that the rising value has fueled huge demand for cryptocurrency in the country. They fear college students and housewives are hoping to get rich quick by investing. They likened it to a game of chance.

The news of South Korea's proposed ban came as governments around the world are looking to control the trading of cryptocurrencies.

I'm Jonathan Evans.

The Reuters news agency reported this story. Hai Do adapted the report for Learning English. George Grow was the editor. Write to us in the Comments Section or on www.hxen.com .


将本页收藏到:
上一篇:VOA慢速英语:美用“俄反对派人名”命名俄使馆街道
下一篇:VOA慢速英语:2018年国际消费类电子产品展览会热门技术

最新更新
论坛精彩内容
网站地图 - 学习交流 - 恒星英语论坛 - 关于我们 - 广告服务 - 帮助中心 - 联系我们
Copyright ©2006-2007 www.Hxen.com All Rights Reserved