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China's digital currency is falling sharply after South Korea's announcement to ban it

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China's digital currency is falling sharply after South Korea's announcement to ban it

Post  RamblerNash on Thu Jan 11, 2018 10:27 pm

China's digital currency is falling sharply after South Korea's announcement to ban it

Lost 12.7% of its value ..

arabic  11/01/2018 - 21:10 Economy / world

The world's major digital currencies such as Pitcairn and others lost much of their value Thursday after South Korean Justice Minister Park Sang-ki announced his country's willingness to issue a law banning circulation of all digital currencies because of "big concerns".

Earlier this afternoon, the value of the default currency fell by 7.12%, while the value of the currency fell by 31.6% and the currency of the by 17% on the website of the currency trading .

The price of fell to $ 92,12999 and the price of يثthrium إلى to $ 91.1168 and ريRibel إلى to $ 64. $ 1.

South Korea has recently become a focus in the world of virtual currencies as global demand grows. South Korea's move comes as authorities in most of the world are struggling to regulate these rapidly expanding virtual currencies.

News reports said police and tax authorities in South Korea raided the headquarters of major currency trading companies in the country, such as Queen Wayne and Beecham, on suspicion of evading taxes.

The South Korean finance ministry is trying to find ways to tax the virtual currency market, which has become the size of the KOSDAQ index of technology stocks in South Korea in terms of day-to-day volume.

South Korea's financial authorities also said earlier that they were checking the files of six local banks that made bank accounts available in corporate virtual currency, fearing that increased use would increase crime.


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