Seoul plans to ban cryptocurrency trading, rattles market
Clampdown in South Korea comes as policymakers worldwide struggle to regulate asset
Fri, Jan 12, 2018 - 5:50 AM
South Korea's largest cryptocurrency exchanges like Coinone and Bithumb have been raided by police and tax agencies this week for alleged tax evasion.
THE South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.