South Korea says ‘No’ to minors trading cryptocurrencies

South Korea says ‘No’ to minors trading cryptocurrencies
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SEOUL — South Korea will introduce measures to curb criminal activity and overheated speculation related to cryptocurrencies, including a ban on minors and nonresidents from setting up trading accounts, and a ban on banks from holding or accepting such currencies as security for financial transactions.

The Prime Minister’s Secretariat said Wednesday that the new rules are aimed at protecting holders of virtual currencies from cybercrimes, and at cooling speculation. Bills to implement the measures will be drafted soon, the secretariat said.

Source: South Korea says ‘No’ to minors trading cryptocurrencies

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