[2018-01-30] South Korea Cracks Down on Cryptocurrencies

[Vladdirescu87]

South Korea’s Justice minister Park Sang-ki said the government was preparing a bill to completely halt trading of bitcoin or other digital currency on domestic exchanges.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/south-korea-cracks-down-on-cryptocurrencies/

[laurenB7742]

There is a difference between banning and regulating, which is more likely. A ban would require a majority vote in the National Assembly.  Regulating the industry is a more likely scenario.

[BitHodler]

Seriously, the internet has been infested with these articles saying one thing today, and another thing the day after. It's so contradicting, that it's almost funny and pathetic at the same time.

It's obvious that this seems to be the time where all efforts are being put together to get the price to tank. If we take that into consideration, then it's quite nice to see how the market remains holding its position fairly steadily.

I remember how this market back in the China time would get dumped down badly, so it looks that at least in this aspect the market has been maturing throughout the years.

[bbc.reporter]

Again? I reckon this is an old article published by Coinidol. In the article it said that bitcoin prices tumbled on Thursday, following news that South Korea’s government is considering a ban cryptocurrency trading.

Well it is only Wednesday unless they have a time machine hehehe. I also reckon that there are some altcoin people out there who want bitcoin's price to go down, but failing to realize that if it goes down, it will take most of their altcoins with it.