South Korea doesn't intend to shut down virtual coin trading

South Korea’s finance minister said on Thursday that the government has no plans to shut down cryptocurrency trading, affirming market speculation that authorities won’t go as far as China, which has blocked virtual coin platforms, Reuters reports.

Questioned by a lawmaker on the government’s plans to regulate the market, Kim Dong-yeon said “there is no intention to ban or suppress cryptocurrency (market).”

“Regulating exchanges is (the government)’s immediate task,” Kim said.