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S Korea bans its banks from dealing in bitcoin

Country is a hotbed for cryptocurrency trading, accounting for 20% of global bitcoin transactions

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South Korea on Wednesday banned its financial institutions from dealing in virtual currencies such as bitcoin, as the cryptocurrency soars in a bubble fuelled by retail speculators, many of them from the country.

Seoul

SOUTH Korea on Wednesday banned its financial institutions from dealing in virtual currencies such as bitcoin, as the cryptocurrency soars in a bubble fuelled by retail speculators, many of them from the country.

The hyper-wired country has

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