Crypto prices suffer as Korean government announces new laws and a potential ban

[rsrb]

Cryptocurrency - Crypto prices suffer as Korean government announces new laws and a potential ban

Despite the wide popularity among the Korean public, there have been increasing concerns that Korea’s exchanges are insecure. Last week, one of the most prominent Korean cryptocurrency exchanges, Youbit, collapsed following a $35 million hack earlier this month. That was after a $72 million hack on the exchange in April.

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[godzillarekt007]

Don't you mean Yobit? I wasn't even aware that exchange got hacked but I do try to avoid it for other reasons like incompetence and lack of character. And okay they banned some stuff but how long will that effect the market and how long will it be before they are "unbanned". I suspect the prices won't be effected longer than a week and in a months time they will have some sort of resolution. Same timeline as China basically for me and I think the industry will shrug this off in no time.

[MairaObergh]

Why don't you provide a link to what you're quoting?