http://www.businessinsider.com/cryptocurrency-market-plunges-after-reported-crypto-exchange-raid-2018-1The market for digital coins was under intense pressure Thursday morning amid reports that South Korea had a bill in the works to ban cryptocurrency trading.
"South Korea's justice minister said on Thursday the ministry is preparing a bill to ban cryptocurrency trading through its exchanges," Reuters reported.
That news was on the heels of a report that authorities were raiding cryptocurrency exchanges in the country.
A few officials from the National Tax Service raided our office this week, an representative of Coinone, a South Korean crypto exchange, told Reuters.
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