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are over 9,000 types of cryptocurrencies that are traded around the world, and they are emerging at this moment. Because anyone can make it easily. Our financial authorities have stated that the government cannot protect even investors in these virtual assets.



Reporter Jeong Da-eun reported.



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Anyone can easily create virtual currency based on blockchain technology.



This is because it is easy to follow with the source code, which is the blueprint of the existing cryptocurrency.



I made my own cryptocurrency with an expert.



Name the cryptocurrency and write down the number of issuances.



Enter the address of the cryptocurrency wallet you want to send, and the newly created cryptocurrency is added to the wallet.



I made 900 million SBS coins with this program, and it took less than 10 minutes.



Anyone can easily create coins through such an open program.



[Kim Hyung-joong/Korea University's Graduate School of Information Security Special Professor: To secure trust, everything was disclosed, and then people take the public information and make coins again.]



To list on the exchange, you have to go through several stages of screening, but it's perfect. It is pointed out that it cannot be filtered.



As a result, there are also many abuse cases.



[Minwoo Koo/Blockchain Security Company Branch Manager: When purchasing a small altcoin, people are gathered in multiple stages to provide interest, and they often do so-called ‘spoils’ with the principal.]



Report to a blockchain security company for the past year

.

The number of damaged cryptocurrencies reached 501, and the amount of damage exceeded 110 billion won.



Nevertheless, on domestic exchanges, over 90% of cryptocurrencies other than'altcoins' are being traded instead of verified cryptocurrencies such as bitcoin.



Finance Commissioner Eun Seong-soo repeatedly defines virtual currency as a currency that cannot be recognized because it has no intrinsic value, and said that the government cannot protect all those who have invested in virtual assets.



This means that investors are responsible for all losses caused by cryptocurrency investment.



(Video coverage: Kim Hyun-sang, video editing: Park Ji-in)