South Korean Government Officials Banned From Using Cryptocurrency

South Korean government officials have been banned from using cryptocurrencies

Tue, 6/03/2018 - 11:40

South Korean Government Officials Banned From Using Cryptocurrency

Cover image via U.Today

Reports from South Korea suggest that government officials have de facto been banned from holding and trading cryptocurrency. It is a blanket ban that affects even those whose jobs has nothing to do with digital currencies.
The ban affects all civil servants, and as reported, the officials are to “refrain from holding and trading virtual currency even if there is no job relevance.”

The consequences of being caught engaging in cryptocurrency activities, which contravene ‘civil servants law,’ could lead to disciplinary measures, although this punishment is not defined.

About the author

Darryn Pollock

Darryn Pollock is an award winning journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach. He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.