The ministry will also ban minors from opening accounts on virtual frame exchanges, and propose a bill to allow only eligible exchanges to perform, the statement said.
To be eligible, exchanges will need to uphold investor custody rules and disclose all bid and offer quotes. In South Korea, the National Circle needs to approve government bills on taxes.
The statement follows an danger policy meeting held to discuss cryptocurrencies. Offerings such as bitcoin induce surged in late 2017.