Until now, authorities have largely stopped short of direct intervention, but increasing fears about scams, money laundering and hacks linked to cryptocurrencies, could attract further attention and mean more crackdowns in future.
Law enforcement agencies also began investigating the country's largest exchanges for tax evasion after national media highlighted cases of investors who have made millions in profits from cryptocurrency trading.Читайте также: Google Doodle Honors Indian American Scientist
The current price of Bitcoin at popular Korean exchange Bithumb is $18,301, down 7.13 percent in the last 24 hours, but still significantly higher than CoinMarketCap's current average price of $13,840. Despite warnings from regulators of many countries, Bitcoin prices saw a big surge past year.
On Thursday, January 11, 2018, reports from South Korea indicated that some of the nation's authorities are planning a ban on cryptocurrency trading in the country. They tweeted saying the reasons were "extreme divergence in prices from the rest of the world" and "limited arbitrage opportunity". As of last month, South Korea was the world's third largest Bitcoin market and the largest market for Ether, owning 33% of all Ether worldwide. In its statement from December, the government hinted at the idea of an outright ban of cryptocurrency exchanges. Exchanges Bithumb and Coinone were raided by tax officials over the past two days and South Korean news services SBS says the country's crypto marketplace will be shut down.
"Justice Minister Park's comments related to shutdown of cryptocurrency exchanges is one of the measures prepared by the Ministry of Justice, but it's not a measure that has been finalized", a spokesman told reporters in a text message. It'll be a lot more hard, however, and many people, hackers included, will likely switch to using exchanges in places like Japan. High demand in the country means bitcoin often trades at a 40 per cent premium on local exchanges compared to other markets.
The news wires will be the key driver through the day, though we will expect some of the market panic to subside, with Bitcoin Cash likely to find plenty of support at sub-$2,400 levels.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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