The Financial Supervisory Commission —South Korea’s top financial policy regulator — has not shown any sign of scrapping its blacklisting of cryptocurrency exchanges.
So far the commission has no official dialogue channel with cryptocurrency exchanges. Since January, the commission has not issued any press release regarding the cryptocurrency exchange.
The task force, which the Prime Minister’s Office alleged to have established, has no record of holding a formal meeting on the cryptocurrency exchanges.
Lawmakers have submitted ten bills on cryptocurrencies, but all of them are pending at the National Assembly.
The government has blacklisted cryptocurrencies as the places for speculative trading, money laundering, and crime financing.
The National Assembly Monday hosted a seminar on cryptocurrencies. A working-level staff from the Financial Supervisory Commission attended the seminar and met with representatives of the major cryptocurrency exchanges, including Bithumb,
However, he made it clear that the government has not changed anything about the exchange since last December. His statement indicated that the government’s blacklisting of the cryptocurrency exchanges would continue.
Exchange officials got frustrated with the blacklisting. Banks are nervous over opening accounts with anyone talking about blockchain, cryptocurrencies andICOs, an exchange official said.
