Choi Sang-mok: "The Government is Not Negative About Virtual Assets"

The government has stated that it is not negative about virtual assets (cryptocurrencies).

According to industry sources on the 18th, Choi Sang-mok, Deputy Prime Minister and Minister of Strategy and Finance, participated in a foreign press briefing held at the Press Center this morning and responded to a foreign journalist's assessment that the Korean government is negative about virtual assets by saying, "That's not true."

Choi further explained, "The recent tax deferral is because it is the early stage of implementing new regulations, and we deemed monitoring necessary," adding that "the Bank of Korea and other relevant authorities are preparing how to regulate virtual assets domestically, and if the new U.S. administration's proposals become concrete, we plan to prepare a response."

Meanwhile, regarding U.S. President-elect Donald Trump's pledge to pursue a strategic reserve fund related to Bitcoin (BTC), Choi avoided a direct answer by saying, "It's not yet time to evaluate as the specific details have not been revealed."