Industry experts think that the cryptocurrency ban fears are vastly overblown and that very little will be done to curb the growth of cryptocurrency markets in Korea and China.
After a 12% dive on bitcoin early Thursday morning the currency recovered by over 7% after South Korean officials stated that "the ban is not yet finalized" and was only one of the many options that they were considering. Moving further into the statement Korean officials mentioned that it might be months or years until a formal bill was passed banning cryptocurrencies.
What do you think about the proposed ban and are you worried about the future of cryptocurrency. Let me know below and be sure to follow for more news.