January 16, 2018, most of the cryptocurrencies faced massive falls due to negative news from Asia. Following South Korea’s decision to ban cryptocurrency trading, China's central bank expressed its plans to block all local and offshore, individuals and businesses that provide centralized cryptocurrency exchange-like services.
According to reports, the Vice Governor of the People's Bank of China, Pan Gongsheng, stated that the government would continue to apply pressure to the virtual currency trade and prevent the build-up of risks in that market.
Read more on Coinidol: https://coinidol.com/bad-news-from-asia-leads-cryptocurrency-prices-to-fall-dramatically/
