South Korea banned trading futures for bitcoin


The financial regulator of South Korea banned the trading of bitcoin futures, recognizing them as illegal.

This is reported by The Investor.

On December 5, the Commission for Financial Services of South Korea published a directive according to which bitcoin futures were deemed illegal.

It is noted that the ban applies to all participants of the Korean Financial Investment Association.

Earlier, the South Korean Financial Services Commission (FSC) banned any form of primary coin offer (ICO) in the country, as well as all types of lending in digital currencies, including margin trading.

We will remind, the Chicago stock exchange of options will outstrip CME Group with start of futures on bitcoin.

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