Published on 11 January 2018
Bitcoin fell over 12% today after South Korea’s justice minister Park Sang-ki said that the government is preparing a bill to ban cryptocurrency trading in the country – which is one of the world’s biggest digital currency markets, according to CNBC.
Park Sang-ki said at a press conference: “There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.”
Earlier this week, South Korean authorities raided several of the country’s largest cryptocurrency exchanges for alleged tax evasion.
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