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South Korea considering shutting down all virtual currency exchanges

South Korea considering shutting down all virtual currency exchanges.

SEOUL (Reuters) - South Korea’s financial regulator chief said the government is considering shutting down all local virtual currency exchanges in a national policy committee meeting on Thursday.

“(The government) is considering both shutting down all local virtual currency exchanges or just the ones who have been violating the law,” said Choi Jong-ku, chief of Financial Services Commission, to a question from a...

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Australian Reserve Bank open to digital currency but labels Bitcoin hype 'speculative mania'

Australian Reserve Bank open to digital currency but labels Bitcoin hype 'speculative mania'.

While the Reserve Bank of Australia (RBA) has accepted the future may be dominated by electronic methods of payment, it isn't convinced a physical banknote will no longer have a place, or that cryptocurrencies are the answer.

Speaking at the 2017 Australian Payment Summit in Sydney on Wednesday, RBA Governor Philip Lowe said although cryptocurrencies such as Bitcoin are becoming more prominent,...

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Related topics : bitcoin digital currency