South Korea Banning Cryptocurrency Trading?!?

in #crypto7 years ago

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https://www.reuters.com/article/uk-southkorea-bitcoin/south-korea-plans-to-ban-cryptocurrency-trading-rattles-market-idUSKBN1F002A

I came across this article this morning and thought I'd share my thoughts and what this could possibly mean for crypto. South Korea has a few of the larger exchanges in the world so if the Korean government banned crypto you would think a lot of people would have their assets seized.

I know there will always be a way around bans on crypto such as using a VPN to mask your IP address to seem like it's coming from another country where crypto isn't banned. It will however discourage a lot of people from jumping on board. Which will affect the market cap long term or until the countries find a way to regulate crypto's and exploit them to make money from people using them.

Have a read over the article and drop a comment to keep to conversation going.

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