The price of Bitcoin is displayed the Bithumb Lounge in Seocho District, southern Seoul, on April 3, falling to 124.4 million won ($84,738).
During the confirmation hearing, Kim Haeng, the nominee for the minister of Gender Equality and Family, stormed out of the room after suspicion arose over her possession of hundreds of thousands dollars worth of cryptocurrencies.
The Seoul Southern District Court has issued arrest warrants for Do Kwon, co-founder of Singapore-incorporated Terraform Labs, and five others, according to a report from Yonhap.
The recent history of cryptocurrencies in Korea is a story of ups and downs, mania in 2017 followed by a long winter as uncertainty set in largely a function of regulatory confusion and the decline in value of bitcoin.
Bithumb announced Wednesday that it will waive trading commissions on 100 types of coins through July 8.
Korea JoongAng Daily Sitemap
