Corrections are again playing on the much-talked-about cryptocurrency market. Just today, news reports said the South Korean government is planning to ban trade in cryptocurrency, throwing the entire Bitcoin market in a frenzy.
According to CoinDesk, prices of Bitcoin slipped to $13,558.15 (at the time of publishing the article), down 8.95 percent from today’s opening price of $14,890.72.
According to Reuters, Justice Minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges. More….