Why the Cryptocurrency World Is Watching South Korea
By Kyungji Cho
February 5, 2018, 4:00 AM GMT
Many South Koreans are obsessed with cryptocurrencies. The country’s lawmakers? Not so much. From the prime minister down, officials have warned that the speculative mania surrounding Bitcoin and its peers is dangerous. Demand for the virtual currency was so extreme at one point in January that it lifted prices in Korea 50 percent higher than those in America. The premium has since receded, but policy makers are still worried. Given the nation’s outsized role in the crypto world, the prospect of a clampdown has captured the attention of traders worldwide.
(https://www.bloomberg.com/news/articles/2018-02-04/why-the-cryptocurrency-world-is-watching-south-korea-quicktake)