South Korea is Poised to Ban Crypto Trading; Crypto Community Claims FUD
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South Korea is Poised to Ban Crypto Trading; Crypto Community Claims FUD
South Korea, the country with the third-largest Bitcoin trading volume in the world, has announced the tentative planning of a bill that would ban the trading of cryptocurrency through exchanges.
South Korean Justice Minister Park Sang-Ki said that the proposed ban has come because of “great concerns regarding virtual currencies.” Near the end of 2017, South Korean Prime Minister Lee Nak-yeon said that the trading of BTC had become a “serious pathological phenomenon” in his country.
Accordingly, Bitcoin has entered into a free-fall. At the time of press, Bitcoin was trading for around $13,350, down from the valuation of roughly ... (read more)
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