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RE: Crypto's Crashing as South Korea BANNING CRYPTO TRADING! Exchanges RAIDED!
This banning action by the South Korean government will temporarily impede the outflow of Won and cringe the inflow into the cryptos space. However, traders and speculators will go elsewhere to trade and make profits. This may benefit exchanges in Japan and Australia.
For sure. Businesses will go to wherever they can. But I understand why a country would do this. They don't want assets to increase if they don't have control over it.