The chairman of the Fair Trade Commission of Korea, the organizer of the economic competition, criticized the big efforts to stop the digital exchange platforms and called for the regulation of the industry instead of stopping it. In a radio interview yesterday, the chairman of the Federal Trade Commission, Kim Sang-jeo, said it was "virtually unrealistic" to close digital exchange platforms, adding that the law did not allow authorities such as the Justice Ministry to shut down.
Kim Sang-ju's comments came in response to the recent "controversial" remarks made by the country's justice minister Park Sang at a news conference last week, in which he disclosed that the ministry was "enacting legislation prohibiting any transaction based on the circulation of the virtual currency" Full closure of local currency trading platforms.