Post
Topic
Board Bitcoin Discussion
Re: Would korean shut down bitcoin exchange?
by
fanbeila
on 26/01/2018, 19:11:53 UTC
Currently there are some news report about korean government. The report say the government there has great concern on bitcoin. Bitcoin has been very popular in korean. What we saw is that the price of altcoin is much higher in korean than the average around the world. However, the unconfirmed message about government's decision now gave a bit hit on bitcoin price. What we saw these two days is the continuous decreasing of all in the market. What if korean really close up exchange? It may pull the price down to zero!!!! I guese. So, do you think whether korean would shut down bitcoin exchange? Would that also lead other governments(like US or China) to close exchange? what if all exchanges are closed up in the world?  Cry Cry Cry
Korean government has been earlier thinking about completely banning bitcoin and other crypto currencies.But recent update is that it has just decided to regulate cryptos.

Even if south korea totally shuts don bitcoin exchanges,even then it would not make bitcoin price go to zero.Instead,it would have a small impact on bitcoin price.