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"There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges," said Park Sang-ki at a press conference, according to the ministry's press office.
He added that he cannot disclose details about the proposed shutdown of virtual currency exchanges but will jointly work with the government task force.
(Reporting by Dahee Kim; Editing by Shri Navaratnam)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)