Crypto prices went down as South Korea announced potential ban

[xtinepink]

So I was wondering why BTC is dropping again, fell 11.6% after the South Korea announced it would ban anonymous trading of virtual currencies and crack down on money-laundering activities using them, amid growing fears of a bubble over crypto-currencies.

The new rules announced by South Korea include a ban on opening anonymous crypto-currency accounts and new legislation to allow regulators to close virtual currency exchanges if necessary.

You can read more here:

https://www.google.com.ph/amp/s/www.rte.ie/amp/929885/

[skillex]

Aww ,hoping BTC's huge down and other crypto now is just temporary and hoping also that other big countries will continue support this cryptocurrencies despite of all this banning happening on other country. Damn this korean government ,hope this digital currencies will be successful in the future and lets smack altogether to the korean's face how this crypto we have works and excel

[akki785]

I don't know why but I have the feeling that, in future, many others government will ban cryptocurrency because of its nature of anonymity. The governments want to control many things, and money is the major one among that. As cryptocurrency is decentralized, so they can't control it. And this is the major cause for it's banning by the governments..

[skillex]

1 minute ago, akki785 said:

I don't know why but I have the feeling that, in future, many others government will ban cryptocurrency because of its nature of anonymity. The governments want to control many things, and money is the major one among that. As cryptocurrency is decentralized, so they can't control it. And this is the major cause for it's banning by the governments..

Yeah your right, maybe the government cannot implement their money-making taxes anymore if this crypto will be established. Fuck this retard governments,damn them! they just want all the riches in this world.. grrr.. why cant they just let us poor and legally finding-money individuals to have profit even on this little matter.

[wilberthh]

Another bad news?! But bitcoin will rise again no matter what ! 

It's just that the transaction fee of bitcoin sucks now, I hope the lightning network will happen soon (I don't really get it though ).

[mroquw]

I guess every government will have something similar to this. As bitcoin grows, they finally realize that there is huge money they can't control.

[barbaris]

It seems that they deliberately do not let bitcoin go up.