South Korea Plans to Ban Cryptocurrency Trading

South Korea Plans to Ban Cryptocurrency Trading

Gold Silver Reports – South Korea Plans to Ban Cryptocurrency Trading – The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion.

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Cryptocurrencies Retreat Amid Concern of South Korean Clampdown

Gold Silver Reports – Cryptocurrencies Retreat Amid Concern of South Korean Clampdown – Bitcoin slumped as South Korea’s justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern that a government crackdown will erode one of the world’s biggest sources of demand for digital currencies.

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