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Bitcoin falls 10% this morning in Korea the reason behind is that South Korea's Justice Minister said on Thursday they are preparing the bill to stop trading in South Korea.
This will definitely affect the price of Bitcoin in Future because 10% of total trade in Bitcoin and Ethereum against the South Korean Won the second largest concentration in terms of Fiat Currencies behind the dollar.
Crypto Currency trading in South Korea is very Speculative and it totally likes gambling. The Price of Crypto Currency like Bitcoin and Ethereum is higher in South Korea other than elsewhere.
Here is the Source of News you can read full news by clicking on the link
I hope you upvote my post as well.
https://steemit.com/introduction/@rafalklimsiak/hi-all-self-introduction
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Short, Simple but yet very informative!
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How do you see this playing out? Do you think Koreans will stop trading? Or do you anticipate a mass migration on to decentralize exchanges?
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