Separately, South Korea’s central bank governor said it’s too early to assess the impact of cryptocurrency trading on the country’s economy.
Bank of Korea Governor Lee Ju-yeol, said, “Currently, we believe the impact from sudden changes in cryptocurrency levels will be limited on the financial system.”
In addition, Mr. Lee said, “Cryptocurrency is not a legal currency and is not being used as such as of now. However, we have started looking at virtual currency from a long-term standpoint…This sort of research has begun at the Bank of International Settlements and we are part of that research.”
