Per The Cointelegraph, South Korean media outlet The Hankyoreh reports that the country won’t enforce a ban on cryptocurrency trading nationwide in the near future. The news comes a day after South Korean law enforcement agencies raided the offices of local cryptocurrency exchanges to investigate alleged tax evasion. Reports of those incidents caused the value of Bitcoin to plummet by 10 percent. The Cointelegraph noted that Justice minister Park Sang-ki, who said earlier this week that the government is working on a bill to ban Bitcoin trading on domestic exchanges, is at risk of losing his job, as more than…

This story continues at The Next Web

Click to here read the full article