Bitcoin, Ripple, and Etherum have been selling-off lately on concerns South Korea is prepared to ban cryptocurruncy trading. South Korea is among the world’s largest cryptocurrency markets, and a ban in cryptocurrency trading would dry up liquidity at a time hype for cryptocurrencies has been spreading to other markets. “The Korean government is requiring Bitcoin traders to do so under their real name, not anonymously,”says Finance Professor Geoffrey Smith, W. P. Carey School of Business at Arizona State University. Enforcing this rule would be a good thing for cryptocurrency markets, as it could protect investors from fraud and theft. That’s a bad thing for cryptocurrency markets, as it would end up destroying wealth.

Source: Forbes January 12, 2018 02:15 UTC