The reason why the coin market has dropped significantly is Korea.
The Korean government is deciding whether to treat virtual money as mere speculation or as legal investment. If judged as gambling or speculation, the virtual currency market will experience a much lower rate than it is now. On the other hand, no one knows what will happen if they are judged as legitimate investment. Korea is said to have a 20 percent stake in the XRP virtual currency.
1000won = 1US
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