At present, China has banned it, and it has a great influence on the whole cryptocurrency market, and there is news that South Korea should also ban it, but it has proved to be a fake news.
It sure as hell isn't "fake news"; read the news before making a dumb statement like that.
Indeed, it is a fake news, and South Korea official stated that it is only to check whether the exchanges have tax evasion, and that there are no plans to close the exchanges.