Statement from the South Korean government: Virtual currency exchanges may be closed

In South Korea, the Government Policy Coordination Office announced that it will review all options, including closing virtual currency exchanges, to curb the digital currency craze. In the statement, it was stated that the government will take the necessary measures quickly and definitively while following the speculation trend in virtual currencies. In the statement, it was stated that the government will increase the anti-money laundering role of banks and prevent and harshly punish crimes related to virtual currencies.

South Korea News Strikes Up

Last week Bitcoin, which tried to recover after the sharp fall it experienced and showed an upward movement in the middle of the week, fell again with this news from South Korea.

After the news that South Korea is considering closing some cryptocurrency exchanges, Bitcoin 14 fell below a thousand dollars. The decline in Bitcoin was also seen in other major cryptocurrencies.

At 08:50, Ethereum fell 4 percent to $ 693, Ripple fell 8 percent to $ 1.15, and Litecoin fell 7 percent to $ 241. . Bitcoin slid 7.2 percent in Asian transactions on Thursday, giving back its limited gains after this news. The virtual currency is down 25 percent from the record level.

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