South Korean Banks Drop Crypto Accounts as Government Plans a Ban

[emekaorjiani]

This is sad news: South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements include Shinhan Bank, Korea Development Bank, and Industrial Bank of Korea.

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https://news.bitcoin.com/south-korean-banks-crypto-accounts-government-plans-a-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Comments

[billybeluga]

A plan, but not a ban in effect yet. I'm not confident it will go through ... but who knows, right?

[emekaorjiani]

I pray it doesn't because this could really be discouraging. Bitcoin price might drop.

[empirefashion]

You maybe right but you never can tell, a plan coming to reality. I wonder if they are not seeing the future currency.