What if South Korea ban and shutting down all cryptocurrency exchanges?Bitcoin is facing some hard and complicated situation these past few weeks. What do you think is the big and huge effect and outcome if South Korea beyond doubt to plan and decide to shut it downs the crypto? What will happen if the exchanges of btc crash down to 25%?
Bitcoin has certainly been facing some difficulties in the past week after South Korea announced the possibility of shutting down all cryptocurrency exchanges news that caused Bitcoins value to plummet by 25%. A final decision is expected to be released today on their fate in the country that is to host this years winter Olympics. https://cashessentials.org/fall-of-cryptocurrencies-rise-of-e-fiat-currency/Do you think it will end to a negative finale?
Honestly, i think it's not going to happen, and even if it did Koreans can still trade on foreign exchanges, just like traders from China. It's not a big deal. Still, I don't expect it will happen, lots of crypto/blockchain businesses in South Korea, the country would be the biggest victim if it did that.