Cryptocurrencies are sliding once again as Asia opens following headlines from South Korea"s finance ministry that a cryptocurrency exchange shutdown is still an option (but admittedly it needs "serious" discussion among ministries first).
While all of the main South Korean ministries agree that there is irrational speculation in cryptocurrency and rational regulation are needed to curb the speculation, only the Justice Ministry has said the shut down of cryptocurrency exchanges is needed as other ministries are concerned about side effects.
Ripple is leading the overnight slam (down around 10%)...
Which leaves Ripple down 25% year-to-date (while Ethereum remains up around 65%)...
Bitcoin just broke back below $13,000 having tested above $14,000 during the day...
No comments:
Post a Comment