South Korea is one of the largest cryptocurrency market in terms of trading volume along with Japan, and USA. More or less Cryptocurrency is widely accepted by the people and the government. Though there is a strong rumor that South Korean government is going to ban Cryptocurrency exchange and Cryptocurrency in general just a couple of month ago. It was just a rumor. Later high profile government officials clarifies the issue of banning cryptocurrency.

Source

South Korea did not banned Cryptocurrency rather they said that government will help to develop the blockchain technology in the country. But Government will not allow any fradulant activities through cryptocurrency. As a result, Government officials and financing regulatory authority keep their eye on Cryptocurrency exchanges so that they can protect the interest of the investors.

Recently, South korean finance authority ordered 12 Cryptocurrency exchange to improve their security and protect its customer. to me, It is fair enough to interfere with the existing system so that Investors are protected. Unfortunately, We have seen lot of cryptocurrency hacking events one after another. We do not want to see more

Just a day before, South Korean Exchange Upbit was investigated by police. Upbit is one of the largest cryptocurrency in the world. Currently, It is the fourth largest Cryptocurrency exchange in terms of 24 hour trading volume. South Korea's Financial Supervisory Commission has said that they have sent 10 investigators to the exchange company to check their financial status. According to Financial Supervisory Commission, Upbit submitted fake balance sheet and deceived the investors.Source

As a result, Crypto market reacts negatively. prices of top coins fall down. Currently, Bitcoin is traded at $8471 (Source: coinmarketcap.com)

You can see my other Post

---

Topics	Blog Link
	How to Stay away from Scammers! - Scammers are desperate to steal your valuable crypto assets. Every day new techniques are applied to take your crypto.
	Hardware Wallet Safety ? Man in the Middle attack - A hardware wallet is a cryptocurrency wallet, which is linked to a hardware device, where the addresses of all transactions as well as the private keys are safely kept
	What is Synereo? Wildspark Launches its exciting new program - Synereo offers blockchain-enabled Attention economy solutions. You can monetize your content irrespective of your publishing platform. According to Synereo, It is the Future of Content Creation, Publishing, and Distribution".
	Fake Accounts - How to survive fake accounts - We have experience exponential cryptocurrency growth last year. Especially bitcoin growth was remarkable. But the Cryptocurrency risk increased many fold due to fake accounts.

Thank you for taking the time to read this post. Your comments and upvotes are highly appreciated.

This is why your friends and family member should join Steemit

Steemit - A decentralized reward based social media. Steemit is the first and best social network that pays its community with Cryptocurrency. STEEM is the native token for Steemit platform. Steem can be transferred and converted to other cryptocurrencies anywhere anytime.

You can keep STEEM on the Steemit platform and Powering Up your STEEM to STEEM POWER. STEEM POWER provides you more strength in this platform.

Source

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

To Read 📗 my next post!!! Follow me @steemero

HELP ME REACH 2,000 FOLLOWERS!

Social

Facebook: (https://www.facebook.com/steemero
Steemit: https://steemit.com/@steemero/
Twitter: https://twitter.com/steemero

Recommended Exchange: https://www.binance.com/?ref=15657672
Hardware Wallet: https://www.ledgerwallet.com/r/dd73

Join WildSpark - Easy way to monetize your content. Even you can earn Cryptocurrency by curating others content. i.e Earn Cryptocurrency (AMP) by Sharing Youtube video
https://wildspark.me/?wsref=5a74af6b2f2d2cb4042294be

Thank you for honoring me with your upvotes!
Warm Regards,
@steemero