Economy

South Korea to Tighten Bitcoin Exchange Rules Amid 'Speculative' Boom

South Korea to Tighten Bitcoin Exchange Rules Amid 'Speculative' Boom

Following this news, the Bitcoin price has plunged by more than 11% in the past 24 hours and is now trading at $14375.70, according to CoinMarketCap.

Despite eralier warnings, Hong said that speculation has shown little signs of abating, with values of many cryptocurrencies excessively higher at home than overseas, and some raising concern that money is flowing into cryptocurrency markets from productive sectors.

Luann Caught in Bed With Another Man Before Arrest
She then allegedly shoved an officer with the palm of her hand before closing the door on him, "striking him in the forehead". While sunshine and roses are how she portrayed her life, it looks like things from her marriage are still haunting her.

In addition, the new regulation will "leave all policy options open, including closure of a cryptocurrency exchange when deemed necessary". Before this correction, Bitcoin had managed to recover from a major correction last Friday when the cryptocurrency corrected to more than 40% going below $12000.

Earlier in December, South Korean officials reportedly banned local finance firms from handling bitcoin futures, one of the hottest new financial products to launch in years. That fact hasn't slipped by the South Korean government's attention. He said the government "can't let this abnormal situation of speculation go on any longer". TechCrunch previously reported that the Kim Jong Un regime may be using cryptocurrency trading as a side business for the Kim family.

Moyes in a hurry to add to West Ham squad
He said: "I'm pleased with our spirit and I think there's a bigger hunger and desire to do it, but we're lacking quality". Speaking post-match, West Ham boss Davis Moyes said: "I don't know how it was overruled".

In a continuation of its regulatory machinations, the South Korean government has unveiled its latest cryptocurrency legislation. The Seoul-based exchange was a victim of hacking for the second time and had to consider shutting down its operations after losing 17% of its assets in a cyber-attack which was later blamed to be coming from North Korea. Part of the trading in South Korea is carried out anonymously and this might be banned if we are to believe new reports in worldwide media. "It is possible that some might be scams but even with those, the prices will rise at least in the middle of their life cycles so that there will be a chance to make money from trading them".

Kabul blast kills 25 at Afghan Voice news agency, cultural center
There was no immediate claim of responsibility, though the motive is likely to stem from Afghan Voice's Shiite links. An Afghan official says a roadside mine has exploded, killing six children in northern Balkh province.


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