Ah, okay. I do remember seeing something about regulations in Korea. Some people are also saying the drop was due to fears over China banning bitcoin mining. I'm not 100% sure if that's happened yet or not.
Realistically the market is influenced by many factors, and uncertainty with regard to China has been a constant in my opinion ... whereas BTC and many other coins were due for a correction, and the South Korea situation may have tipped things in that direction this week.
In the USA? But it's been taxable for years. Is there something in addition to that?
Not in the US. In South Korea, new regulations are being rolled out.
Ah, okay. I do remember seeing something about regulations in Korea. Some people are also saying the drop was due to fears over China banning bitcoin mining. I'm not 100% sure if that's happened yet or not.
Realistically the market is influenced by many factors, and uncertainty with regard to China has been a constant in my opinion ... whereas BTC and many other coins were due for a correction, and the South Korea situation may have tipped things in that direction this week.