South Korea trading ban

[gabmen]

South Koreans who have been using bitcoin are really devastated by this news. This ban also affects the value of bitcoin taking it down plunge as low as 11k-12k but I hope that btc will bounce back and so we can recover from our losses.

This is false mate, when are you going to understand that? You have more than one page in here full of posts saying that it is false and it was a huge FUD in order to make the price drop.
Why are you so blind that you can not even read that?

South Korea did not finally ban trading. As I understand people dealing with crypto will be obliged now to pay taxes for it. Suppose SK traders will move to other countries.

They don't want to ban the trading, they want to ublish regulations to watch the market activity of their citizens. That's all in South Korea at the moment.

I was sure that bitcoin is legal in South Korea.Some fake news was spread among the people to reduce the price of bitcoin and to make the bitcoin away from their citizen who involved in Cryptocurrency.

The ban has been lifted if there ever was one but yeah, they're requiring traders now to register their information. Basically traders won't be anonymous anymore and it will be easy to monitor and if ever, tax them. Many of course would be against it as this goes well against what crypto is but the korean government probably don't want crypto exchanges to be used in illegal activities

[Rooster101]

The FUD news is still ongoing and the bitcoin price is nearing the $9k at this moment. South Korean officials made some remarked on possibly banning cryptocurrency trading then later another said they imposed a sweeping new regulations on the market. It seems that FUD is generally conducted by some governments suggesting that they ban cryptocurrencies in their countries. Reading only the headlines in the news can also generates FUD if you don't read the full story or whole article. 

[quality.crypto]

The FUD news is still ongoing and the bitcoin price is nearing the $9k at this moment. South Korean officials made some remarked on possibly banning cryptocurrency trading then later another said they imposed a sweeping new regulations on the market. It seems that FUD is generally conducted by some governments suggesting that they ban cryptocurrencies in their countries. Reading only the headlines in the news can also generates FUD if you don't read the full story or whole article. 

Yes, most of the people will not read the complete details about the News and start speculating about their headlines and this makes a lot of people panic about the news. I heard that they are going to collect 5% of the people who are making profits through trading the cryptocurrencies.