Bitcoin price plummeted to a 2018-low on Thursday after South Korea’s justice minister reportedly proposed a complete shutdown of all cryptocurrency exchanges in the country.
In a press briefing today, South Korea’s justice minister Park Sang-ki stated in quotes reported by local publication Yonhap News:
“The ministry is preparing legislation that basically bans any transactions based on a virtual currency through the trading floor. We have grave concerns about [the craze over] virtual currency and [a shutdown] would be one of the goals we are aiming for.”
Article: https://www.ccn.com/newsflash-bitcoin-price-falls-near-12600-amid-south-korea-trading-ban-fears/
Nice article, good job !
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Crazy news! Thanks for reporting the update.
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@southforce WOW. It's awesome. Thanks for sharing. Many many thanks.
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Another source, CoinJournal translates the government statement differently:
The key difference being that only exchanges who are involved in illegal activities may be shut down. Which is true?
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Thanks Man, this is good.
so it is a good time to buy some BTC or Satoshies
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