Monthly Archives: December 2017

The South Korean cryptocurrency market has pushed the Ripple price up 71 percent over the past 24 hours, triggered by Ripple blockchain payment trials

Source: South Korea Pushes Ripple Price Up 71%, Banks in Japan Conduct Trials

The government of South Korea is preparing a bill which attempts to prohibit all transactions involving cryptocurrencies including bitcoin unless they take place through exchanges that meet six conditions.

Source: South Korea Imposes Six Conditions for Crypto Exchanges to Operate – Bitcoin News

South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all affected including Bithumb, Coinone, and Korbit. Banks that have made announcements include Shinhan Bank, Korea Development Bank, and Industrial Bank of Korea.

Source: South Korean Banks Drop Crypto Accounts as Government Plans a Ban – Bitcoin News