Digital currencies dip as South Korea considers trading ban - News Summed Up

Digital currencies dip as South Korea considers trading ban


Digital currency prices wobbled Thursday after South Korea, a hotbed for currencies like bitcoin, said it will consider a trading ban. The country's justice minister said South Korea is planning a ban, but the presidential office said later that a ban is under review. South Korea, which is also among the biggest bitcoin markets, has been looking for ways to regulate trading. Japan, the world's largest market for bitcoin trading, is the only major advanced economy with a licensing system for digital currency intermediaries such as exchanges and payment providers. Some companies are scrambling to associate themselves with digital currencies and the technology behind them in hopes of tapping the investor mania around them.


Source: ABC News January 11, 2018 14:38 UTC



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