This news will clearly push the price down more as people will digest the impact and content of that article. Specifically, people who are new to crypto will most likely sell (already sold) their BTC after reading this article. The veteran ones will just likely shrug this off as they experienced this same kind of "FUD" in the past in a more greater scale. I think, South Korea will not ban it but they will put a very strict rule/regulation regarding tax payment for crypto trades. Well, I'm just hodling my BTC stack and will not budge because of this issue.
Well said. It is the same bad news based on FUD as we heard many times before.
First Russia banned BTC, then China banned leverage trading and then yuan to BTC trading, they also banned exchanges for a brief time AFAIK.
We will always have some kind of legal issue related to cryptocurrency - it's the name of the game here.