Over the past four decades, South Korea has demonstrated vast economic growth and worldwide integration to become a high-tech industrialized economy. Seoul’s reputation as the “leading digital city’ and also the “tech capital of the world” contributes to the fact that South Korea is the most advanced in terms of technological reach. Such magnitude of technology oriented people has led to high acceptance of the cryptocurrency trend. Cryptocurrencies allow fund transfers via public and private keys for security purposes. The trend is a major break -through in technology as it simplifies the payment processes by lowering the transaction costs. South Korea houses the world’s largest crypto currency exchanges. The need of using such trading platforms comes from the South Korean’s natural tendency of making ‘easy money’ and getting out of the conventional workspace. But this need is being highly opposed by the government that wants to control speculation and the highly volatile market. The ban on cryptocurrency is also furthered by the fact that this currency is highly prone to speculation and may lead to money laundering. The final decision about the ‘crypto trend’ thus rests on the pros to the national traders and cons for the government.