Monetary media report of a South Korea ‘crackdown’ appears to have been, not less than partially, a catalyst for the BTC promote drop.
Studies say losses might be as excessive as $2.6bn, this attributable to a regulatory overhaul (comes intpo effeect September 24).
BUT … This coming ‘overhaul’ is a well-known piece of stories. Its nothing new:
- By Sept. 24, South Korea’s quite a few cryptocurrency exchanges might want to disclose danger administration and associate with banks to make sure buying and selling accounts are held by actual individuals.
- The foundations, analysts say, might end in exchanges delisting tons of of such “altcoins” as they vie for tie-ups with banks.
BTC, down and up once more, increased: