South Korea Enacts Rules Regulating Cryptocurrency

The South Korean government has announced a number of new restrictions on cryptocurrency trading amid a surge of crypto popularity by the South Korean public. The government claims these rules are designed to control fraud and to protect the public from losses incurred from wild price fluctuations. Bitcoin prices fell 11 percent after the announcement, but have since recovered.
“The government has warned several times that virtual coins cannot play a role as real currency and could result