Post
Topic
Board Bitcoin Discussion
Re: What happen if South Korea ban bitcoin trading?
by
monsanto
on 12/01/2018, 22:55:35 UTC
There are lot of rumors in social media about bitcoin trading going to ban in south korea.what happen to bitcoin price if it is true.

Even if they were going to ban it, it would take a long time to happen. This is because first government officials would threaten to shut them down over and over, then back off. The South Korean government officials will issue each of these threats right after they take short positions across multiple exchanges. Once they think they have crashed the markets the maximum amount, they will close their short positions and rebuy to go long. They will then explain that they aren't banning crypto afterall, just strengthening KYC/AML laws. Wash, rince, and repeat, just like China.