South Korean Government made a statement, Bitcoin's value fell thousand dollars
Discussions by South Korea on measures such as banning the opening of crypto accounts and the closure of virtual money platforms have caused a sudden depreciation of Bitcoin.
Bitcoin is independent of institutions and institutions, but if there is a reason that investors determine their value, they are all over, causing Bitcoin's value to fluctuate suddenly. South Korea's crypto-currency application is expected to apply sanctions against it, as the discourse from the wing of the government is in this direction.
The South Korean government has announced that it will take some measures for speculation in trade on crypto money. "The government said it could not play real currency several times and could cause high losses due to excessive volatility." South Korea's stock exchanges indicated that some of the transaction prices were being restricted, compared to the transactions at other stock exchanges.
Apart from this, the two big banks of the country. KB Kookmiin and Shinhan will end the service of "converting credit card accumulation scores to bitcoin". According to the currently valid application, KB Kookmin Card and Shinhan Card points can be bought with Coinplug from crypto currencies.
Meanwhile, thet are testing XRP so thats rising! :o Nice write up :)
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