Bitcoin briefly falls after South Korea moves to ban new cryptocurrency trading accounts. On Thursday, the South Korean commission said in a statement, translated by CNBC, that it is prohibiting cryptocurrency exchanges from issuing new trading accounts. If an exchange does allow new accounts, .Bitcoin Exchange BTC.CB= fell Thursday after the South Korean Financial Services Commission took more steps to limit speculation in cryptocurrency trading in the country. The digital currency hit a low of $,., down percent on the day, according to CoinDesk s bitcoin price index, which tracks .Bitcoin briefly falls over the last hours on Coinbase, declining to a low near $. The news followed an announcement in late December the South Korean government is banning new trading accounts, and requiring users to use their real names. However, prices had stabilized by the end of .Bitcoin s price tumbled by approximately $, to $,. within a couple of hours this morning after the South Korean government announced measures to curb "irrationally overheated" trading of cryptocurrencies in the country. See also South Korea To Impose New Curbs On Cryptocurrency .
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Bitcoin briefly falls after South Korea moves to ban new cryptocurrency trading accounts.
Mr. Michael Pento serves as the President and founder of Pento Portfolio Strategies. He is a well established specialist in the Austrian School of economics and a .
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