The South Korean crypto ban placed back in 2017 was a breach of fundamental rights, holds the arguments in a recent public plea.
South Korean Government Placed Multiple Restrictions on Trading, ICOs
South Korea moved in to curb the activity of exchanges, stemming the inflow of fiat to those markets. The ban, which happened near the peak of the 2017 bull market, added to the loss of value.
South Korean investors have moved into crypto assets as a way to hedge a decade of sluggish economic growth. But locals have also shown propensity for other fast-returns investment schemes, causing the government to react and limit crypto investments.
Because of disputes regarding limitations to local crypto exchanges, the Constitutional Court will open a public plea period this January 16. The hearings will reveal public attitudes and intentions to…
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