South Korean government issued an official statement that cryptocurrency and cryptocurrency trading will not be banned in the country. Before, the Ministry of Justice had announced about plans to ban the cryptocurrency in the country.
After the announcement about the possible ban of the cryptocurrency, more than 60,000 citizens signed a petition, where they have demanded to fire the Justice Minister. After the petition, the Ministry of Finance showed their immediate reaction and insisted that they do not support the idea to ban the cryptocurrency, as it is a good support for the country`s economy.
Moreover, the Finance Minister claimed that he had to know about the statement of the Ministry of Justice from a report on mass media, and the decision was made without any agreement with other Ministries.