Nexon, a Japanese gaming company acquired Korbit, which is the second largest exchange in South Korea. In my opinion, these two giants are planning to take over the bitcoin community in the southeast,
an exchange is hardly the "bitcoin community"!!
the only reason they are doing that is because there is a good chance of exploiting and making a lot of money. if you check the Korean exchanges you can see how fake they have been and how many altcoin pump and dumps the exchange itself is doing!
since China already lost it's appetite towards crypto-currency (at least, for now).
not at all.
the government has banned ICOs which we all know what a good move it was.
and also they have closed the exchanges but not at all trading. the volume coming from China is still big.