Bitcoin Falls 12% as South Korea Readies Ban on Cryptocurrency Trading via @CNBC

Late Wednesday night, South Korea’s justice minister announced a bill that would ban cryptocurrency trading in the country. This story comes out of one of the largest cryptocurrency markets in the world, where South Korea makes up around 10% of the Ethereum trading market.

According to justice minister Park Sang-ki, “There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges”

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