The government has formed a task force to seek ways to regulate bitcoin-related speculative activities and virtual currency transactions.
 
The task force held its first meeting Monday morning and agreed to jointly respond to virtual currency-related concerns. 
 
The Justice Ministry says it will take the lead in drafting and implementing regulations through ministerial consultations.
 
The government-wide task force includes the Finance Ministry, the Financial Services Commission, the Fair Trade Commission, the National Tax Service, the National Police Agency and the Bank of Korea.