Quote from: squatter on December 13, 2017, 10:40:03 AM

South Korea accounts for the #1, #10 and #14 cryptocurrency exchanges by volume. Yes, I know there could be wash volume involved, but as we all know from the Chinese exchanges' history, that doesn't necessarily matter. Korea seems to be approaching Japan with regard to market relevance, and Koreans are especially active in the altcoin markets.

So, the government called an emergency meeting yesterday. The topic: methods for curbing cryptocurrency speculation. Sources at the Bank of Korea say that the government will announce measures targeting cryptocurrency traders by the end of the week. They already banned ICOs in September. According to the article:

Quote

Top officials at the country's finance regulator have openly mulled a bitcoin trading ban and have compared trading in the cryptocurrency to a Ponzi scheme.

Could this be fuel for a price correction?

A correction may happen if they take action but traders are not going to sit down and just accept that, and then they are going to move their money to Japan markets, if South Korea does ban bitcoin trading they are going to regret in the future when exchanges begin to pay a lot of taxes.