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South korea ban bitcoin
a bookkeeper at a womens clothing store in Seoul. For now, the authorities do not appear to be of one mind on the subject. Park Young-sun, a member of the governing party who has no relation to the justice minister, wrote on her Facebook google trends bitcoin chart page that closing the exchanges would be like setting fire to a straw-roofed house to catch a bedbug. Experts said that South Korean prices were also higher because the exchanges there did not allow trading by foreigners. The country has been struggling to control and regulate Bitcoin trading operators for a year now due to exploded interest in the market. We are seeing Koreans taking loads of cash to buy Bitcoin in Indonesia and other countries in Southeast Asia where Bitcoin is cheaper, said Hong Ki-hoon, professor of economics at Hongik University in Seoul.
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As of now, several government groups involved in the virtual currency task force are of divided opinion on the matter - some in fear of stifling crypto and fintech innovation. 12, 2018, seoul, South Korea The world of Bitcoin le bitcoin au maroc rarely free of wild ups and downs of late has been rattled this week by word that South Korea is preparing a ban on trading in virtual currencies. Recently, the demand for cryptocurrencyparticularly Bitcoinhas skyrocketed globally, with policymakers all over the world struggling to come up with regulations to control and monitor the market. Show chapters, south Korea's justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country. Joint Petition, by evening on the day of the Justice Ministers announcement, hundreds of thousands of South Koreans had prompted to join in a petition asking the presidents office to intervene and stop the cryptocurrency ban. The presidents office said the decision was not yet confirmed. On Monday morning, CoinMarketCap removed Bitcoin prices from South Korean exchanges since the coin was down around 12 percent, which triggered widespread sell-off by investors.
Bitcoin has swung wildly in the last several weeks, reaching an all-time high above 19,800 on Coinbase in mid-December before tumbling to a low of 10,400 on Friday. There was no immediate explanation for the sudden, one-day decline that day. South Korea considers, bitcoin trading ban. The local, bitcoin price fell by a fifth after the justice minister s comments. South Korea it trades at about a 30 premium compared with other countries.