South Korea’s Answer to Bitcoin Trading

Over the past few months, the government of South Korea has been floating the idea of banning the trade of Bitcoin and other cryptocurrencies. The very thought South Korea would institute such a ban was enough to help prompt recent declines in Bitcoin’s price. That’s reasonable considering South Koreans currently account for almost 20% of Bitcoin’s activity. Perhaps, it was nothing more than an attempt to prepare investors for what the government sees as the right solution.
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