Crypto-currencies take huge dive as South Korea considers ban

Ethereum, Ripple price

All the major cryptocurrencies, including Bitcoin, Ethereum, and Ripple, have taken huge hits in the last 12 hours. The global cryptocurrency market is down nearly $100 billion following news that South Korea, one of cryptocurrency's biggest markets, is considering a ban on all crypto trading in the country.

At a press conference this morning, Justice minister Park Sang-ki said that the government is drafting a bill that would ban all trading of virtual currencies on exchanges located in South Korea. “There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park told a news conference, according to Reuters.

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Crypto-currencies take huge dive as South Korea considers ban originally appeared on on Thu, 11 Jan 2018 at 15:04:02 EDT. Please see our terms for use of feeds.

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