South Korea to back-step from banning cryptocurrency

After last week’s scare, South Korea Justice have step backed from banning cryptocurrency. Eventually, that wasn’t even the plan all along. Instead it was said that the announcement was to curb the speculation. This significant u-turn resulted in a dip in Bitcoin price that has been steady 50-day average. Which can be characteristic move upward.

Korea has been the most active trading community in the world for Bitcoin; its effect is still conspicuous

Politician around the world are trying to impose regulations on Bitcoin and other cryptocurrency trading activities within short period of time.

The latest back step by South Korea and cryptocurrency’s price upturn can result in latest bull as is predicted by Bitcoin traders.

 

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