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Bitcoin drops $2,000 in value as South Korea announces planned trading ban11 Jan 5:42am

Bitcoin drops $2,000 in value as South Korea announces planned trading ban

The Guardian
News follows nation’s clampdown on cryptocurrencies as exchanges are raided over alleged tax evasion and fears of gambling addiction The value of bitcoin plunged 13.5% in the early hours of Thursday after news hit that South Korea is planning to ban cryptocurrency trading. News of the ban follows the raiding of local cryptocurrency exchanges by police and tax authorities over alleged tax evasion, as one of the key nations driving the demand for bitcoin and other virtual currencies attempts a clampdown.
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