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The clampdown in South Korea, a crucial source of global demand for cryptocurrency, came as policymaker around the world struggled to regulate an asset whose value has skyrocketed over the last year.
Justice minister Park Sang-ki said the government is preparing a bill to ban trading of the virtual currency on domestic exchanges.
“There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” said Park at a press conference, according to the ministry’s press office.
originally posted by: worldstarcountry
a reply to: notsure1
Well look on the bight side. If you never got in, there will be a decent buying opportunity on the way.
originally posted by: ParasuvO
a reply to: notsure1
They are actually not "way down" ...nothing out of the usual really....looks like something that has happened every 2nd week at least for the last year.
These regulators can try this all they want..if they do they will take down a hell of alot more of their economies than they can imagine.
LoL at banning mining in China..they want to start a civil war...we shall see.
The foolish will emotionally sell...oh well.
-from the OP
Indeed, bitcoin’s 1,500 percent surge last year has stoked huge demand for cryptocurency in South Korea, drawing college students to housewives and sparking worries of a gambling addiction.
originally posted by: notsure1
a reply to: dreamingawake
The are using tax evasion as the excuse and I could see alot of countries follwing suit.
originally posted by: notsure1
a reply to: dreamingawake
The are using tax evasion as the excuse and I could see alot of countries follwing suit.
Under the measure, only real-name bank accounts and matching accounts at cryptocurrency exchanges can be used for deposits and withdrawals, while the issuance of new virtual accounts to cryptocurrency exchanges will be banned.