According to a news published a few hours ago here (Korean content), it seems that a few officials from the Financial Supervisory Service (FSS) invested in cryptocurrency and then they liquidated their positions, just before the announcement of the "regulatory clampdown" by the Ministry of Justice. This may be seen as market manipulation, negligence, etc.

Events are still unfolding and it's still very early to form an opinion on this specific situation. It may not even mean what it says, since there are no restrictions in trading, at the moment, but it does paint a very interesting image of the size of crypto phenomenon in South Korea. When members of the FSS are trading, you know that you're dealing with a huge social pressure, one that will most likely burst in unpredictable ways, if not properly contained.

As announced during the last few days, South Korea is expected to make a formal announcement today about closing or not closing domestic cryptocurrencies.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me Hive account@dragosroua.

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