Panic selling on South Korean exchange raids

Traders in Asia have a huge influence on crypto currency markets. So much so that when news comes out of South Korea of police raids on exchanges and a possible all out crypto ban the markets take a nose dive.
Two of the largest exchanges in the country, and the rest of the world, were raided by police and tax inspectors this week. This is not the first time the government has tried to quash the fervor for crypto in the Southeast Asian nation. South Korea is responsible for up to 20% of the glob