<Anchor> The
government has launched a special crackdown on the virtual currency market. It is because illegal activities such as money laundering and fraud through virtual currency are increasing, and some point out that there is a limit to calming the overheated virtual currency market.
This is reporter Lim Tae-woo.
<Reporter>
This cryptocurrency exchange was accused of fraud by users for failing to accept a withdrawal request asking for a fee to get back investments and profits.
[Vampire: At that time, I was just dazzled, so I didn't know. He said that he would give him money if he put in 400 (withdrawal fee) right away because he made a profit of tens of millions of won... .] Even though
accidents over cryptocurrency continued, the daily transaction price of Dogecoin surpassed the KOSPI, showing signs of overheating, so the government announced a massive crackdown policy.
The Ministry of Strategy and Finance and the Financial Services Commission check for suspicious transactions such as tax evasion, the police check for illegal multi-level and investment fraud damage, and the Fair Trade Commission looks at the unfair terms and conditions of the cryptocurrency exchange.
It is not a fundamental solution to the situation in which there is no regulatory void or dedicated agency.
[Byung-Tae Lee / Professor at KAIST Business School: Someone should invest how much money and have this kind of research, right? There are no ministries that do that.] The
government is contemplating whether it will encourage speculation because it is acknowledging the reality and value of virtual currency by creating specific regulations.
In addition, there are concerns that it could provoke an intense backlash from investors who have poured enormous amounts of money into cryptocurrency.