South Korean Government Stressing Over “Irrationally Overheated” Bitcoin Market

Bitcoin’s tumultuous December continued this week as the South Korean government expressed concerns at the lack of regulatory control over cryptocurrency exchanges.

The country has been at the forefront of massive cryptocurrency adoption this year and the government has struggled to keep up with developments and trading in the industry, where arbitrage between exchanges is commonplace. Earlier in December, the South Korean government laid out plans to shut down some exchanges in the country and they reiterated those plans this week.

You can read full article written by Gareth Jenkinson here.

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