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Comment: Cryptocurrency conundrums prompt some Seoul searching with a Japanese twist

By Ron Lubosco and Danbee Lee ( March 15, 2018, 06:19 GMT | Comment) -- Soaring prices, fevered speculation, fears of money laundering, a threatened trading ban, and then a regulatory U-turn. South Korean holders of cryptocurrencies can be forgiven for investment fatigue after the wild ride of the past year. Now, however, they may be in for a period of relative calm as the country’s financial authorities appear to be closing in on a regulatory regime that accepts virtual currencies are here to stay, following the examples set by Japan and possibly in the future, even the US.Soaring prices, fevered speculation, fears of money laundering, a threatened trading ban, and then a regulatory U-turn. South Korean holders of cryptocurrencies can be forgiven for investment fatigue after the wild ride of the past year. Now, however, they may be in for a period of relative calm as the country’s financial authorities appear to be closing in on a regulatory regime that accepts virtual currencies are here to stay, following the examples set by Japan and possibly in the future, even the US....

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