The reason for the decline is news that non-Korean investors may find that access to South Korean exchanges is off limits after January 31. There can be no doubt that the exchanges within South Korea have a reputation for being the most vibrant cryptocurrency trading venues. The motivation behind the change to the rules and increased restrictions can be traced back to a sense of urgency in enforcing a defined parameter for cryptocurrency trading. Last week, raids on South Korean exchanges were seen as the opening shot in a nationwide crackdown on cryptocurrencies to protect ordinary investors. In February last year Bithumb lost USD 7 Million in a cryptocurrency hack orchestrated by North Korea.

Source: Forbes January 22, 2018 18:14 UTC