South Korea fin min says in talks with ministries on regulation of bit

SEOUL (Reuters) – South Korea’s finance minister said on Monday that relevant ministries are in talks to decide whether trading of bitcoins should be regulated.

“We’re looking at its speculative nature, as well as situation in other countries as we review,” Kim Dong-yeon told reporters on the outskirts of Seoul.

South Korea in September banned raising money through all forms of virtual currencies, and said trading of such currencies are not part of the nation’s financial system.