Mubasher: South Korea said on Wednesday that it may tax capital gains from cryptocurrency trading, as reported by Reuters.

The most expensive widely known cryptocurrency, bitcoin recently surged to new all-time highs, reaching unprecedented levels.

After an emergency meeting in Seoul, the South Korean government said it will consider taxing capital gains from trading of virtual coins and will also ban minors from opening accounts on exchanges.

To be eligible, exchanges in South Korea will need to uphold investor protection rules and disclose all bid and offer quotes.

Such measures require parliamentary approval, the news agency noted.

Seoul will maintain a current ban on all financial institutions dealing virtual currencies.