Prime Minister Lee Nak – yeon pointed out the problem of speculativeization of the virtual money market.
The prime minister pointed out, “The reality is that virtual currencies are speculative,” presiding over a cabinet meeting at the Seoul government building on the day.
“Bitcoin exceeded 11 million won. “In the meantime, young people are being used in virtual currency to earn money in a short period of time, or in fraud crimes such as drug trafficking and multi-level crimes.” did.
In the meantime, it is time for the related ministries such as the Ministry of Strategy and Finance, the Financial Services Commission and the Ministry of Justice to look into the matter, “he said.” If I leave it as it is, I feel like there is serious distortion or pathology. ”
Previously, the government decided in September to ban all forms of the Initial Coin Offering (ICO) at the Virtual Currency Affiliated Task Force (TF). It is because the risk of fraud increases and the speculative nature of virtual currency becomes thicker.
The prime minister’s comments show that the ICO bans suggest further virtual currency regulation.
Kim Dong-yeon, deputy prime minister and the Minister of Strategy and Finance, said in a press conference on December 27, “Fundamentally, there is a matter to consider fundamentally about bitcoin and virtual money.” The Financial Supervisory Commission (FSC) It is necessary to carry out a detailed analysis on various issues such as problems. ”
However, there is a high possibility that taxation on profits of virtual currency transactions will not be realized for the time being. Kim said, “Bitcoin taxation is under investigation rather than being reviewed yet,” but “it has not progressed enough to put it into the amendment bill next year.” “I think it is still an early stage of research analysis,” he said repeatedly, “not enough to fix tax laws next year.”