Banks banned from dealing in Cryptocurrency

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  • South Korea has banned its Financial Institutions from dealing in virtual currency such as Bitcoin.
  • South Korea has emerged as a hot bed for cryptocurrency trading, accounting for 20% of global Bitcoin transactions, about 10 times its share of world economy.
  • About 1 million South Korean are estimated to own Bitcoins, demand is so high that the price for the unit are 20% higher than US.

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Banks banned from dealing in Cryptocurrency | Ecency