S. Korea’s FinMin: There is irrational speculation in cryptocurrencies

South Korea’s Finance Minister Kim Dong-yeon was out on the wires, via Reuters earlier today, making some remarks on the cryptocurrencies.

Key Points:

Says irrational speculation in cryptocurrencies.

Tax, regulation needed in cryptocurrencies.

Crypto exchange shut down is an option.

The country will prepare crypto measures soon.

His comments come after a report from MoneyToday cited that the government may ban cryptocurrency trading after warning investors.