South Korea “Shutdown” Threat Sparks Crypto Carnage 2.0

Thursday, December 28, 2017
By Paul Martin

by Tyler Durden
Wed, 12/27/2017

Bitcoin has plunged over $1000 in early Asia trading (and the rest of the majors in the crypto space have followed) after South Korean officials said they will review various measures including shutdown of exchanges to curb cryptocurrency speculation, according to statement from Office for Government Policy Coordination.

As Bloomberg reports:

Government to take proper measures swiftly and firmly while monitoring the trend of cryptocurrency speculation
Govt to require real-name on cryptocurrency transactions, while banning banks’ offering of virtual accounts to cryptocurrency exchanges
Govt to prohibit banks’ offering of payment and settlement service to unqualified exchanges
Govt to strengthen banks’ duty of anti-money laundering on cryptocurrency exchanges
Govt to crackdown on cryptocurrency-related crimes and severely punish them

And the reaction was swift…

The Rest…HERE

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