South Korea justice ministry prepares to ban cryptocurrency trading, exchanges raided. Crypto's Crashing as South Korea BANNING CRYPTO TRADING! Exchanges RAIDED!
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South Korea justice ministry prepares to ban cryptocurrency trading, exchanges raided
https://www.reuters.com/article/uk-southkorea-bitcoin/south-korea-justice-ministry-prepares-to-ban-cryptocurrency-trading-exchanges-raided-idUSKBN1F002A
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Do you think this will have a long-term impact on the price of crypto's?
nope, banksters trying to stop blockchain... but more and more ppl recognizing now how brilliant blockchain is. I hope they will get a nice juicy kick in their balls.
FIAT money will allways crash !!!
I think it's hilarious when a country tries to ban it or make them declare their cryptos. Do they even know what they're talking about?!
Not even a little.
This is a hilarious blunder. The whole point of Cryptonian currencies is to evade hegemonies. They can impact the currencies, sure, but the price efficiency will cripple their ability to respond.
The costs of chasing down those who allegedly tax evade will far far far outweigh the economic damage that they cost. The only way this can damage CC is if every bank in every country and every government puts aside their differences and works together. And that's not possible. The one redeeming factor of tyrants is that they don't play well with others. It's gonna be backstabapolooza.
I guess it's simply a great opportunity to increase positions.
I think in finance they call that 'diversification' ;)
True!
Thank you for being on top of this. I wondering why we got a minor down turn here. I agree this is a short term blip. When the everything bubble pops you bet crytos and real money gold and silver will rise.
I'm surprised that South Korea did this. They seemed to be open to it not long ago!
They will rise again after the drop...
STOP FUD & HODL!!!
This same issue happened in China and the market seemed to shrug it off rather quickly.
This banning action by the South Korean government will temporarily impede the outflow of Won and cringe the inflow into the cryptos space. However, traders and speculators will go elsewhere to trade and make profits. This may benefit exchanges in Japan and Australia.
For sure. Businesses will go to wherever they can. But I understand why a country would do this. They don't want assets to increase if they don't have control over it.
Fake news:
https://mobile.twitter.com/iamjosephyoung/status/951300898571018241
This sounds like a CIA op.