South Korea is divided between those who want to outlaw cryptocurrencies and exchange houses and between those who propose only strict regulation and the closure of exchange houses that break the law.

Last week, the South Korean Minister of Justice clearly positioned himself in closing all cryptocurrency operations in the country, through outlawing. On Monday from those responsible for communication in the presidential house, it was clearly said that everything was not going to be made illegal, that what would be done would be to put more controls, to avoid money laundering, above all. Now there is a new option on the table and that is to close the exchange houses, but not all of them would be closed, all those that violate the law would be closed.

There are several lines at the moment, not only between South Korean politicians, but also among officials, where each current speaks of one thing. The Head of the Financial Services Commission (FSC), of the country, has spoken, according to Reuters reports, that the government does not rule out the possibility of the closure of all exchanges. The head of financial regulation in the South Korean parliament, says: '(The government) is considering shutting down all local virtual currency exchanges or only those that have been breaking the law.'

Just yesterday, in a parallel press conference, the Governor of the Central Bank of Core added: 'cryptocurrency is not a legal currency and is not used as such now.' All this comes, as we said, after an official statement in a radically opposite line from the official residence and the office of the President. The spokesperson clarified that work will be done to prosecute anonymous business accounts and not the market in general.

South Korea is one of the largest markets in the world for trading cryptocurrencies. Digital currencies have penetrated Korean society to such an extent that the Korean Prime Minister, after an emergency meeting to discuss the adoption of cryptocurrencies, considered them a 'pathological phenomenon'

This has already turned into a conflict, as the justice minister is shown as a major opponent of cryptocurrencies, while the government finance minister has refused to support this blanket ban, stating that: 'We do not share the same views that the Ministry of Justice on a potential ban on the exchange of cryptocurrencies'