Bitcoin Droped $2000 in value after South Korea Banned trading News
Bitcoin droped about $2000 in value when the South Korean Minister of Justic annouced they prepared the bill to stop the Trading of bitcoin
South Korean Minister of Justic said in press briefing that they prepared the bill and will be implemented soon he also said that the Bitcoin trading is like a gambling beacuse the high specualtion of price.
South Korea is teh second largest investment Country of the world for the trading of Crypto Currency
this step not only affected the Market of bitcoin also affacted teh Ethereum and other crypto currencies
In South Korea, bitcoin trade around 30% compared to the other Countries
This is a really bad news for the Crypto Currency holder but i think it will be good in future sepcially for the Korean Investor beacuse according to my Knowledge the Korean Government is planning to legalize this trading while implementing the Taxes on the trading of crypto currency
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