the price of the virtual currency decreases for fear of strong regulatory measures by the south Korean government.
the bitcoin suffered a sharp drop on Tuesday, due to a greater willingness to regulate the sector, marking a decline of 23% compared to the previous one. At the beginning of December a few days before Christmas, the cryptocurrency approached 20,000 dollars. Last week the South Korean government explained that it was preparing to prohibit the exchange of cryptocurrencies, but shortly after it rectified and said that it was only a possibility. South Korea is one of the countries in the world with the most bitcoin exchange platforms, recalls the consultancy Capital Economics.
Many of the investors were affected as China could be about to ban the mining of bitcoins.
see also information here : https://www.reuters.com/article/uk-southkorea-bitcoin/south-korea-to-impose-new-curbs-on-cryptocurrency-trading-idUSKBN1EM05K