South Korea is the third largest crypto trading market in the world. China already banned trading but could restrict crypto mining, and most of the world mining pools are located there. 😓
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South Korea is the third largest crypto trading market in the world. China already banned trading but could restrict crypto mining, and most of the world mining pools are located there. 😓
They restricted crypto trading to OTC and businesses in Honk Kong. Now they are trying to eliminate it altogether. I doubt they will be able to but this doesn't look good for the international markets.
There is a lack of trading volume from these crypto markets and the price used to be with a premium. 📉
But that would just mean more bitcoins to mine for other players, like Iceland. Also this very well might get all the miners in China to move to energy rich Canada.
It should be clean energy for PoW. 🔌