South Korea is Poised to Ban Crypto Trading; Crypto Community Claims FUD

[kreslik.news]

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)