South Korea's real name system led to a drop in BTC prices and a college student committed suicide by investing in digital money

Abstract: according to Yonhap, after the suicide of a university student in Busan, South Korea, the mother was found to be in the room on the morning of 31. It was reported that the man was originally a sophomore in Seoul, and returned to his hometown in Busan after the last semester of school in 2017. The report also said that the university student invested about 20000000 yuan in the purchase of digital money, once up to more than 200 million won. But at the end of last year, the digital currency plunged, not only profit to zero, even the principal was lost.
Korean media: South Korea's real name system led to a drop in BTC prices

The recent market plunged, the total market value of the digital currency has shrunk to $402 billion 400 million, and the BTC global average fell to $8500. South Korea's "today news" reported that the implementation of the real name system in South Korea has a major impact on this decline. At present, the trade volume of the Korean dollar against bitcoin is still ranked third in the world, accounting for 8.10%. For a long time, South Korea's BTC price continued to lead the world. Now the highest price of BTC in South Korea is $8412.38 on the Upbit exchange, lower than the global average of $8500, and the Coinnest current price is only $7769.19. Since January 30th, South Korea has implemented a real name system for users who need immediate additional investment or new investment in the digital money market, which is reported to have an impact of about 2 million 700 thousand people.

A university boy in South Korea committed suicide by investing in digital money

According to Yonhap, a university boy in Busan, South Korea, was found to have a corpse in the room after the suicide of a college boy. According to family members, the college student spent huge sums of money on the virtual currency, but he suffered from depression due to his investment failure. Although he continued to see a doctor and took antidepressants, he finally chose to finish his life.

The report said that the university student invested about 20000000 yuan in the purchase of virtual currency, once up to more than 200 million won. But at the end of last year, his investment in the virtual currency plunged, not only profit to zero, even the principal is lost in.

Since then, the college student has been depressed, and went to psychiatric department for medical advice from family members. He continued taking sleeping pills and antidepressants, but he still failed to save a young life.

The 31 day at 7:50 in the morning, the mother found that her son lying in the room, then the police, but the male students have no signs of life. It is understood that the man was originally a sophomore in Seoul, and returned to his hometown in Busan after the last semester of school in 2017. Police say, in addition to the loss of virtual money investment, there will continue to investigate whether there are other possible reasons for male college students to commit suicide.
In terms of "bitcoin" alone, there are 1 million holders in South Korea, one of the world's largest bitcoin market. Korean people believe that the case of male college students is the first case, but it will never be the tragedy of human relations caused by the virtual currency. Therefore, it is required that the government should make legislative control and avoid similar incidents.