The representatives of South Korean nationals are gathering in parliament today to decide on the situation of cryptographic money trade within the country. The allegations that have been filed up to now about the ban appear to be serious. Bitcoin and other crypto money can enter a decline wave.
Asian countries tend to ban crypto-currency trading activities in the country, especially in Bitcoin. The most important explanations for this are corruption and money laundering operations.
For the past two weeks there have been reports of attempts by South Korea and China to ban, with threatening statements from government officials.
Trade in Asian countries is an important part of global trade. The decline in the number of investors as a result of bans has a direct impact on prices, as investors always set the final price on systems like Bitcoin.