South Korean National Defense Ministry had started to impose restrictions over accessing cryptocurrency trading platforms. The Ministry issued a notice stating, “We will gradually shut down internet access to websites on encrypted currency.” The officials stressed the soldiers to stay away from the trading platform. The Ministry will come up with countermeasures for crypto transactions carried out in military units.
The financial services division of the U.S. Senate panel will conduct a hearing to discuss the impact of bitcoin and other cryptocurrencies in the financial system reported Reuters. The panel will consider testimonies from Commodity Futures Trading Commission Chairman and Securities and Exchange Commission Chairman in the month of February.