hetisooknooitgoed® schreef op 2 januari 2018 10:47:
A.E. Jan 2, 2018
With the impending ban in South Korea on trading cryptocurrencies, the high of December appears to be at least an important temporary high. A weekly closing back below 9425 will ten to confirm the end of the bull market for now.
South Korea plans to restrict cryptocurrency trading. Bitcoin investors saw the collapse to $13,600 from the previous day trading at $16,500 dollars.
South Korea, one of the world’s most important countries for virtual currency trading, wants to ban the opening of anonymous accounts for cyber currencies, among other things. There will also be a new law that will allow regulators to close stock exchanges where Bitcoin & Co. is traded under certain circumstances.
“We share the view that cryptocurrency trading is irrationally overheating,” the government said. “We can no longer tolerate this abnormal speculation.”Nearly a million people are estimated to own Bitcoin.
South Korea is very important because it represents around one-fifth of Bitcoin’s global trade. Therefore regulation by South Korea is extremely important.