Post
Topic
Board Economics
implication of south Korean crackdown on cryptocurrencies
by
sunnex100
on 12/01/2018, 16:30:28 UTC
South Korean authorities are currently clamping down on cryptocurrencies  and are proposing a legislation to possibly ban cryptocurrency because they have linked it to gambling and other illegal behaviours among their population. This has caused some uproar in the market. However, the lives of many young Koreans depends on cryptocurrencies as unemployment rate remains high in the country. What do you think will play out if the government of South korea finally succeeds in shutting down the crypto space?