Bitcoin Forum

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
 If banned then What's the future of BTC now?  

South Korea did not ban Bitcoin. They recently however decided to ban ICOs. This doesn't come as much of a surprise seeing that ICOs are unregulated but in truth aren't really different to IPOs. Plenty of new coins were being developed overnight and trying to maximise on the profits they could raise from ICOs so in truth it was probably a smart move.

There is a big difference between shutting down of ICO and ban on Bitcoin. Everyone is going crazy after the news came from South Korea that that they will shut down the ICO, but most of the people think that then Bitcoin is also put to ban in the two countries. Neither China nor South Korea has ban the use of Bitcoin is it just shutting down of ICO

which I read from the news that south korea saving ICO and use crypto currancy for sale. and also Singapore. and singapore banks are forbidden to serve crypto money. This usually affects the reduction of bitcoin prices.

We don't know if South Korea may end up banning ICOs altogether. If so, then the market may go down a bit which would create a great buying opportunity.

The future of bitcoin in S. Korea would look pretty damn bleak.  As for the rest of the world,
it would be business as usual.  Don't know how important that country's economy is to the
rest of the globe, but I suspect if they did ban it, not much would happen.  Hell, didn't Russia
ban bitcoin?  It survived.  Bitcoin has survived all sorts of negativity and thrived in the face of
it.  Whatever S. Korea does is just kind of a passing phase.  And even if it were true, nothing
is written in stone just yet.  Most countries haven't even figured out if they're going to
regulate crypto or how to do it.  Some haven't even considered crypto at all.

Don't let it worry your pretty little head, darling.

They ban ICO (and margin trading? from what i read). I didn't see down price, mean it's good (what they did is really good i think). Cryptocurrency will have healthier grow, no scam ICO stealing people money.
Then, will Japan ban ICO too?

Bitcoin didn't ban in south korea as i read the news about this situation however they decided to ban ICO but don't worry because they know what they doing to fix this problem fast.

South Korea are trying to regulate the market, the first rumors were a ban, then it emerged that they were taking a more measured approach. Their action apparently was triggered by 2 events, the first was growing concern that many regular people were getting scammed by unscrupulous ICO's and the second was a hacking attempt by North Korea - the target was a Bitcoin heist. I haven't heard whether they were successful or not.

I can say that it is all FUD like in China, they are just trying to get the price of bitcoin to a lower price and if you read some articles or news before, they already legalized bitcoin and that is why the price of bitcoin goes up from the past months and if you will have a good thinking, then you will not believe in banning bitcoin in south korea.

So the south koreans want a shopping spree too?, Let's wait for the Oct. 10 and see the bulls run. I don't believe that china doesn't wanna a single piece of the cryto, given in any place when a person shouts "MONEY" the chinese chinky eyes turned ito Owl's eye all of a sudden.

This is a touch fuddish ;)

They didnt ban any specific coin, just the creation and operation of initial coin offerings. And only domestic ones at that, I dont remember reading guidance about citizens not being able to participate in foreign ICOs (most likely they made a scam warning). Not sure if they will shutter exchanges like China, but at the least they will most likely improve the AML/KYC reporting requirements (an essential if you are dealing with money on this scale, esp across borders). This is unfortunate, but a required growing pain that we must endure.

We will be better for it ;)

I think Korea is regulating it and not banning the bitcoin. I read that someone buys Korbit one of the leading exchanges there. I agree that same with China it creates confusion. What is being ban in China is the ICO's... I think the keyword here is "regulate".

Banning or restricting ico's doesn't mean banning bitcoin.
China hasn't banned bitcoin, and I doubt Korea will ban btc.

South Korea did not ban Bitcoins. They banned ICOs. People should really know the difference.

The article I read also stated that they were only banning local ICOs. ICOs outside South Korea should still be fair game. They probably just want to stop their own people from running scams in the form of ICOs. It's very likely that this will be a temporary ban, for just until they plug up enough holes. It does not deserve the sensationalism it gets.

If the question of banning in korea I also do not really know the right information but until that happens will make the bitcoiner more difficult to find ico program later. I hope this news is just nonsense to try to unsettle people.

Hope so i just know about this matter in social media

as far as i know in the news, they just banned the ICOs inside the country, due to unregulated risks letting chances for scammers to rip the consumers away. if bitcoin is literally banned in south Korea, then they would probably be criticized with the freedom removal.

Yes, probably it would not really affecr the world in Bitcoin trading and investment. But I think it may have some sort of effect to the other countries that it can be ban. The government of the different countries might be alarmed that they can alsp ban Bitcoin through their regulations.

And why would they do that? Because of greed and money. They may have more confidence that they could do it because other countries did it. They might see this as an opportunity to seize Bitcoin in the country for the governments wealthy benefit.

Nope. It seems like south Korea is looking at the possibility of banning ICOs. They still consistently have one of the biggest volumes for a single country with bitcoin trading with the leading exchange Bithumb. I don't think that they will be banning bitcoin at all, or at least anytime soon.

Even if bitcoin was banned from South Korea then it'll just go on fine.

Bitcoin is decentralized, it doesn't need support from government.

I really don't know why people take it so seriously. They have banned ICOs right, so let it be. There are still plenty of coins out there waiting to be invested in. ICOs were started just a few years ago and Bitcoin was out there from several years ago. It is absolutely Okay if the ICOs are banned.
Bitcoin will still be there and survive the wave. ICOs lead many scammers to scam people and the ban on ICOs is obviously a good decision as it will stop people from scamming others.

where do u get that information. Korean just ban only ICO from THEIR COUNTRY. Korea people need bitcoin if have war with north korea

the news it's right, but that news doesn't affect on the bitcoin prices, because the news is only about prohibiting ICO instead of bitcoin, so no need to be taken seriously.

korean just a little group who interest on crypto world
if that's true, so what?
who cares about south korea government banned bitcoin.
there is no effect on bitcoin price
 ;D

no you haven't heard anything like that. maybe some random person trolled you or it is possible that you read something but saw something else :)
what they have banned is the ICOs and they will continue to ban it, other countries will also ban ICOs and this has nothing to do with bitcoin and it never had.

the future of bitcoin is rising as you can see the price is going to the moon now ;D

We don't know if South Korea  end up banning ICOs altogether. but if banning ICOs be market low.so do not effective for bitcoin market price.

No it's not banning Bitcoin but Korea and China are banning ICO and I think there will be a lot of country join to ban ICO, but banning ICO won't too affected with Bitcoin and if the news of banning Bitcoin is true you will see huge price falling because of the panic sell and there will be a lot of news in this forum

If its truth, i am pretty sure that it will affect to the bitcoin price getting lower. Maybe In another country also will affect to do the same to ban btc. But i hope it will not happen since many of bitcoiner will get lost of their trading of bitcoin.

I think, bitcoin is not banned in korea country but only ICO is prohibited its use in their country. if for an impact on bitcoin, I think bitcoin will remain strong despite the widespread negative news.

korea is not banning bitcoin but only banning the ico like what china did. bitcoin still have a bright future as bitcoin can solve everybody problem in financial. as far as i know, korea approving bitcoin to be use in their country and this is like japan did for approved bitcoin too. i think you need to read again in other site and you can found that news is not true so you don't have to be worried and don't panic like others.

They are banning ICOs, which are completely different from Bitcoins. Similar news from China made Bitcoin value plummet, so I am glad this did not make significant waves. I guess South Korea is not a big enough market.

No, south korea never banned bitcoin. What is been banned are the Initial Coin Offerings. There has been sudden surge of ICOs raising funds but sometimes many seem shady like ponzi schemes, hence the need to curb ICOs in South Korea.

In the meantime, bitcoin does not seem to be fazed by the news anyway.

Most major countries today starting to crackdown and banning ICO's I'm infavor of it. In my opinion they should regulate it instead of banning them to give way for real investments. Governments should practice proper mechanism to investigate ICO's whether who's in or out, So that every fundraisers is aware of regulations and abide with the government rules.

Korea has not banned bitcoin.

What has been banned however are actually ICOs, which China has already done so. Is it really going to affect ICOs? I don't think so since Korea isn't really known to be a very big ICO investing country at all, and if Koreans want to invest in ICOs they still can through many workarounds.

Even if they actually banned bitcoin, bitcoin network will still survive into the future since it is decentralized.

South Korean Government did not ban bitcoin , please try to research this before asking. They just banned the ICOs which Chinese Government also did but unlike Chinese Government , South Korean Government still did not ban bitcoin.

I dont think South Korea will ban Bitcoin in there country as I know they have also have large amount of traders and holders. Maybe they will Ban ICO as like China did to determine scam ICO and to avoid Money laundering. Well even South Korea decide to ban bitcoin it is fine as bitcoin dont need support from the government because it is decentralize. Plus if more countries banning ICO bitcoin price and demand will increase so we bitcoin holder will have more profit out of it...

i think this is not a big deal in the price of bitcoin because see the price now when china leave its only a small percent down price but now it came back little by little so dont worry about south korea im sure everything will be ok after they leave,for now think to retrieve there attention again here in bitcoin so they will came back

Is this a serious topic or a joke?

South Korea didn't banned bitcoin, only put more regulation, and nothing close to what China is doing.

Crypto scene is kind of fishy lately, I must admit

There is an ICO ban in South Korea,what i am surprised to see from the recent Chinese ICO ban is that whenever people hear about an ICO ban they come to a conclusion that bitcoin is banned in these places,is it that hard for these people to understand the difference  ??? between an ICO and bitcoin and as usual the market went down on hearing that news and recovered after hearing that Japan has given license to several of its crypto currency exchanges.

Even they both Ban the bitcoin and ICO's i don't care, because we have already surpassed the series of failed attempts of China ban and JP Morgan of criticizing bitcoin but the result is bitcoin become more stronger and stable at $4,300 with out them how much more if they just support bitcoin and invest? maybe bitcoin already reach up the speculated $5,000 for this year. So if the Korean want to join the haters let it be because it will be not our lost but their peoples lost.

I thinks both of you got confuse. OP is only asking if Bitcoin was ban. Like China, Korea also want to be cautious on ICO's thats why they only ban ICO not the bitcoin. Unlike China which they are shutting of some of their exchange because of these scam ICO. Hope all of them will be regularized for more stable market around the cryptocurrency.

I haven't been checking the forums these past few days and then I panicked a bit when I saw a link on the Chrome app. So I checked it and realized it's just clickbait. https://www.coindesk.com/south-korean-regulator-issues-ico-ban/  Still went here to see how people are reacting though.

On a different topic, it seems North Korea also want in on cryptos. https://www.coindesk.com/report-north-korea-targets-south-koreas-bitcoin-exchanges-cyber-attacks/

I think it's a false rumor, do not worry too much about that. The BTC is still a king and will go up in the future.

And the Internet appeared playing against the prohibition of the ICO in China and the Young in Korea. Maybe the news is really true.

It's a bad thing that people tends to define ICO and Bitcoin as one. When there is an issue of china banning ICO, there comes also China banning bitcoin which is far different. I think it's okay if some country would ban ICO or lets say they will regulate  because of the coins being made just for money interest. It's just being wise I guess.

South Korea nowadays is one of the countries where a big chunk of bitcoin transactions happen. Banning bitcoin there would just be counter productive as they are only starting to embrace bitcoin for what it is. It would also have affected the price negatively but seeing that the price is steadily increasing again, seems that everything is fine and dandy in South Korea.

You must understand the defference between ICO and Bitcoin.  Neither China nor South Korea has ban the use of Bitcoin is it just shutting down of ICO.

Yeah you have a point. Bitcoin and ICO are not directly connected with each other.
Yes banning of ICO had an adverse effect in bitcoin recently but many are using this to create fuds that bitcoin will loss its value. But the sad part here is China took that opportunity to buy as much as they can and now China has huge supply of it. No wonder they're wiser as ever. And banning of ICO is just a way of getting rid of frauds hope everyone will not abuse these to make some misleading news.

I do not understand that South Korea is coming to such a ban, because the character of South Korea is the opposite. Maybe it would have been true if these rumors were about North Korea, but I do not believe that South Korea will make such a ban.

I don't think after regulating several cryptocurrency exchanges in South Korea they will ban Bitcoin. Clearly this are rumors which I don't know where you heard it because there will be no factual basis on the news you heard. Additionally reading official news about how South Korea sees the potential of Cryptocurrency in general for its tourist visitors use as a mode of payment and for their convenience in not converting their money to Korean Won will clearly wipe off the rumor you picked off.

For your information, South Korea did not ban bitcoin, they only decided to ban ICOs crowdfunding projects in their country, I think there are just way too many ICOs scam nowadays in the market, it seems that most of the governments will start to take actions against ICOs too following China and South Korea.

They just wanted to make sure that their people will not be victimized because of the trend of bitcoin or crypto from their country and most of the scammers loves to open an ICO and attract people to invest so their government needs to create some regulations just like chinas planning to do.

I don't think that news has come from an authentic source. they have taken an initiative to regulate this virtual market but they don't even ban Bitcoin. this is ridiculous. this is really a fake news.
day By day Bitcoin is becoming a popular currency and a lot of people already got engaged with this platform. South Korean government has a tendency to take some steps in this market, they are giving an opportunity to spend Bitcoin for the Foreigners in this territory. so that this news has no authenticity.

Bitcoin didn't ban in south korea as i read the news about this situation however they decided to ban ICO but don't worry because they know what they doing to fix this problem fast. ;)

Korea followed China and banned ICOs that is a fact - which is actually really great!
Because ICOs recently become nothing but plague and most of them are nothing but pure planned scam or scam waiting to happen when something will go wrong during the development process.
Without ICO we will have 'clearer' perspective and investors instead of rising their money on ICO will choose some older, better, and more reliable coins (i.e. BTC) to buy.

i think this are the same china banned the bitcoin ICO rumor of exchange mining but now i heard in the news china back again into the reality after the banning bitcoin china government are accepted again bitcoin as currency, in this situation about banned of bitcoin in korea my prediction will fixed again the problem and accept again the bitcoin in korea.

I think what they did ban is the ICO. But the existing cryptocurrency, like Bitcoin, that already is being traded in the market are not part of the ban.

Apparently all the news like Bitcoin ban , Bitcoin boycotted in so and so country is fake. All these things are just spread to make prices of Bitcoin to fall so that they can buy bitcoin at cheaper rates. But now this trick is kinda outdated as already the prices have been manipulated by JP Morgan and China. So I don't think any other country announcing that It is banning btc won't work anymore .

Is this again a way to create panic? I think people are now just doing these things, trying.to lower down the price of bitcoin, they need to do something else, there.is no truth behind this false news, south korea still has to make clarifications regardinnthe banning of ICOs, but i think they would less likely to ban bitcoin, considering they already invrested huge amounts of money just on mining alone. Hopefully this kind of news will stop, after south korea, which country are they going say that are banning bitcoins? Journalist or even common men, should stop spreading news that isn't true, bitcoin in korea is still legal, and can still be used, do not panic and sell out on fake news, we still mut wait for korea's statement and do our validation.

No. bitcoin isn't banned in south korea they are just banning the ICOs in their country to protect it's citizens from those fraudsters and also they are putting regulations in bitcoin exchanges ordering to use kyc or verification on their customers

As far as I know, China only banned ICOs and not Bitcoin as a whole. I am still unsure about the whole situation with the Bitcoin exchange sites and whether they have been banned too or not. I guess I still need to conduct further research in that area.

Bitcoin is still emerging as a transaction method for countries and businesses alike. Since the government doesn't want it, it will be highly unlikely that they will provide support for businesses who use bitcoin. We still have to wait and see. As for Korea, I have not read anywhere that it has been banned.

North Korea is a totalitarian state. I'm not surprised that there are problems. countries such as North Korea always have a negative attitude towards what is capable of making a person more free.

I doesn't heard about south korea will ban bitcoin what i hear is korea ban ico. Well is btc banned at south korea i think even if btc got banned at south korea it's will not cause too much trouble.

After China, South Korea is next. Other countries will definitely follow up on the ruling of ICOs, as they somewhat got out of control, especially with the raise of Ethereum. I wonder, what Japan will do, especially after all the positive news about accepting BTC and initiating exchanges.

Japan will do nothing, I don't think the supposed ban will have any negative impact on Bitcoin as its price is gradually increasing every hour. If it has had any impact at all I guess we'd be feeling the ripple effects by now but the opposite is the case.

As ICOs increase in quantity and scale, they’ve attracted the attention of government regulators in various countries. This year alone, ICOs have raised nearly $2.3 billion in funds so far, according to Coindesk ICO tracker data. China banned ICOs earlier this month, saying that they disrupted the country’s financial order. The ban comes after South Korea noticed that “raising funds through ICOs seem to be on the rise globally” and domestically, the Financial Services Commission said in a statement after meeting with the national bank, tax, and finance officials, according to Reuters. After all, ICOs can range from serious attempts to build more digital currencies to more risky plans that resemble pyramid schemes, according to some financial experts’ analysis in the past. In addition to banning raising money through ICOs, Korean regulators may exact more measures to control cryptocurrencies after continuing to monitor the situation.

South Korea did not intend to prohibit bitcoin and other crypts, and it is unlikely to do so in the future. There it is forbidden to conduct ICO with a view to its further regulation. This information should not cause condemnation or panic, since ICO regulation must be carried out in order to avoid unjustified risks in its conduct and protect the rights of investors.

What does South Korea do, similar to what is done with China, Singapore and Indonesia. However my view is, They just forbid transactions. They think will disturb their economy and finance. But the transactions of fellow bitcoin users can still be done.

Korea did the same as china does. They didn't banned bitcoins they decide to banned ICO. Everyone become mad after this news. But people are in china and south Korea still using bitcoins but the ico is down. We need to see things in a border way and think out of the box. Bitcoin will continue to live even after these bad news.

I do not get why they confuse ico with bitcoin. They are very different thing. And most icos are in etherium because of smart contract. Are they trying to spread FUD so that bitcoin price will drop again? I hope not and I hope newbies can spot this already.

correct. but no significant impacts occur, I see the development of a conducive market and tend to be stable.

Maybe its not true.Bitcoin didn't ban in south korea .yes  I'm reading news.

BitCoin banned in South Korea?
Please give me a legitimate and trustworthy source
May mods in the forum administrators may be more rigorous in the registration information
All information influences the cryto currency market

I look forward to this moment. but there is nothing in the course of time, I have been monitoring and want to know what will happen. but apparently korea is not a real threat that adversely affects bitcoin development.

what happens to rumors of Chinese ban so impacts crypto and bitcoin, but what happens to korea, is not surprising. I think this will not happen any market is so stable and there is not anything strange.

not forbid bitcoin, but ICO. I think it's a bit common, I guess it's because of the same issue (the number of ICO projects scam). I do not really know the news yet, but I hope the bitcoin does not get much impact.

Relax, it is not Bitcoin ban but ICO ban and that news is 3 days old. Bitcoin price did tumble that day but price is bullish since then and looks like market doesn't care much for ICO ban by South Korea. It is still an announcement though but sources are legitimate.

South Korea won't be banning Bitcoin. They are just like Japan when it comes to adopting new technologies. ICOs lost faith among governments because of their spammy nature. Many countries will follow the same suit in future for safeguarding public interest.

Did they? I don't think so. No countries during these days banned bitcoin in their own country, only ICOS. They referred it as a scam act of many people. So they decided to ban it fully. Lucky for my country they did not ban any of these. Still, bitcoin is running, ICOS are still running. We can still invest in ICOS and that is the best part in living in a country like this.

the two countries look compact, initially china and now followed by korea. I became asked, is it possible that this is their strategy to drop the bitcoin value.!

Easy, dude? South Korea recently banned ICOs but they never banned bitcoin.
I don't why some guys are always confuse the difference between bitcoin and ICO.
Next time whenever you heard something new about bitcoin related news use Google to confirm, please.  

It's not bitcoin that is going to ban, it is ICO's. In case South Korea and China would ban bitcoin, it  will still grow. There would be a deep in price but it will grow again.

South Korea has not banned bitcoin the release I read is about the banning of ICOs and the regulation of exchange sites other than that, nothing else is in the pipeline. Howe'er, only a super power like China in bitcoin should talk about banning bitcoin and we should be worried. By getting worried of South Korea notification will start giving the authorities over there that they also have some level of control over the .market in which they could equally exploit.

I don't think China is going to ban Bitcoin. It is just exchange and ICO ban. Regarding being worried, I don't think we should give China enough importance to have any impact on the market as Bitcoin is global currency and can very survive without China. Market is already over it. I think the exchange ban is closely related to China's release of national cryptocurrency which will be the only way to convert fiat to cryptocurrencies instead of exchanges to give government control over inflow and outflow of money. This is all what Chinese government want to achieve.

yes, after china, North korea has banned ICOs. however both allow exchange fro coin to coin.
Guys Don't you worry!!!
On the other hand japan has officially recognized bitcoin as legal currency, Australia followed suit.
Russian market is as well appreciating bitcoin warmly.
Bitcoin will reamin high valued digital currency upcoming year and year after.

Yes, I think from what i understand here its ICO and particularly scam ICO's in addition to hacking from North Korea are the problem for the South Koreans. Its not a ban or Bitcoin. I think many of the asian countries are actually strongly in favour of BTC.

I think's quite a shame for China and S.Korea to not have joined in on the ICO game.

There were huge opportunities for both these countries to become major players in the ICO community, but I won't be surprised when they decide to change their minds a few years later. But hey, I guess Japan will have to take the lead for now.

South Korea or any other country cant ban bitcoin. It is impossible since they dont have any control to bitcoin.
Bitcoin is stored in thousands of wallets online and offline, how can they ban it and even if they would do that it is very hard to discover if someone use bitcoin in your country. It would be a waste of time for nothing. Anyway people will use bitcoin even if it is banned in usa or china

South Korea is known for new technology and banning bitcoin can be the stupidest move ever!
This is false advertising!

China and South Korea are not banning bitcoin, they just  want to regulate it in order  not to be used in money laundering activities and prevent  scam ICO's.

That is right, that is why they are banning the ICO in china because they know that ICO may become a source of scam projects and cases in their country since the cryptocurrencies are decentralized so the government can't do anything if there will be a scam ICO so they are trying to regulate it as soon as possible so the crimes and scams will be avoided.

Yes, they are not banned completely, china and south korea are banned bitcoin for regular tax-related transactions, china and south korea say bitcoin is a commodity that is free to use.

you've got right point. most people who don't understand will think Korea banning bitcoin instead of ICO activities.
South Korea's financial regulator has prohibited domestic companies and startups from participating in any ICOs (initial coin offerings) so bitcoin didn't  prohibit at now

Obviously, here the news about Korean ban Initial Coin Offering (ICO) : https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/
South Korea’s Financial Services Commission has announced that all initial coin offerings (ICOs) will be banned in the country.
All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored.
Just like China regulators have did before, banned all ICO due to unregulated and uncontrolled crowd funding will lead to great loss for investors.
But, it's doesn't mean they ban Bitcoin, two different things because ICO is presale of altcoins or tokens.
What people should know is bitcoin is growing rapidly in South Korea, some news about it : https://news.bitcoin.com/south-korea-takes-steps-to-regulate-digital-currencies/ - https://news.bitcoin.com/south-korea-prepares-bill-to-provide-legal-framework-for-cryptocurrencies/
And look at Bithumb (Korean exchanges) trading volume $228,390,760 ; https://coinmarketcap.com/exchanges/volume/24-hour/ Big 3 after Bitfinex and Bittrex

it is yesterday the Chinese state forbids bitcoin and I do not know korea country also wants to ban bitcoin, if true maybe all this will affect the price of bitcoin down again.

Correct. Bitcoin and ICO are not directly connected to each other. These countries just wanna be safe and prevent frauds to happen in their country. Yes China uses also that opportunity to create fuds so they can buy in cheap price while South Korea is just being quiet about this. Maybe they don't want to others go panic so the price won't get affected. And we're now experiencing a rise in the first day of this month and hope it just continue to bounce back again.

South Korea has decided to ban the practice of an initial coin offering (ICO) or a Bitcoin prime offer. Prohibition is done because the practice is feared as a speculative investment that will have a negative impact.
www.kompas.com (http://www.kompas.com)
the state of bitcoin will get worse if more and more countries are banning ICO bitcoin

it was often, misnomers Bitcoin as ICO, perhaps, when people hear about crypto currencies, the first thing come to their mind was Bitcoin.

I haven't see any problem on banning the ICO, both China and South Korea are wanted to regulate the ICO, and it was a good thing.

When a country banned ICO's then there will be a rumor that bitcoin will be banned too in that country.  Imo...news like this could be spread by people who want to take advantage of the bitcoin holders' panic. Their hope when there is panic then the price will go down and that's when the news spreaders will start buying bitcoin at a cheaper price.

I think that's not true news. because there is no certainty and there is no news spread. if indeed there is news please give me the information where you see. no hoax

recently there is a lot of untruthful information and I would not trust the first word I got. The fact is that with world smoking and so it's not all that simple, And then the Chinese government decided to make a problem for users of crypto currency. But nevertheless, everything is practically deprived and forbidden, for example, in China, no one will be anything. Although there will be some executions.

neither of countries have banned bitcoin,but what they actually banned was initial coin offering knows as ICO, china step had a huge impact on bitcoin but impact due to south korea  market barely took notice,but after impact done by china too,bitcoin is again taking a leap in good manner.

 all of these are done because south korea  fears that cryptocurrency represents a non-productive method of financial speculation. This is a common theme among governments as they approach market regulation. Cryptocurrency is easily conflated with fiat money, but it’s anonymous, which makes it very difficult to tax.

so no need to panic, created just to create a mess in bitcoin holders mind,bitcoin is still operational. 

Little bit of effects will be surcharged but no major dump will occur because bitcoin has proved that it is regardless to any region and no region can take it down and what Korea did they will suffer in future and all this will take them back to stone age and they must have to accept it because of its developments and benefits.