Sentences with phrase «korea clamp down»
As regulators in the U.S. and South Korea clamp down on cryptocurrencies, and investors question the stability of digital coins, bitcoin may see its worst monthly decline in value since January 2015.
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Pareteum Corp. fell as much as 25 percent as of 10:16 a.m. in New York, while Digital Power Corp. and LongFin Corp. each slipped more than 6 percent after South Korea's government said it wanted to clamp down on speculation, potentially by shutting down some exchanges.
A dangerous new strain of bird flu that emerged in South Korea on 17 January has spread nationwide despite efforts to clamp down on the virus.
Like other digital currencies, Populous suffered a sharp decline last week on speculation that South Korea was clamping down on cryptocurrency trading.
Update: It's possible that South Korea's government may not impose a blanket ban on Bitcoin trading in the country, but only seek to regulate activity and clamp down on unlicensed exchanges, according to Ran Neuner, host of CNBC's Cryptotrader show.
All eyes will now be on South Korea as it mulls its position on the matter: more than 212,000 citizens have signed a petition to stop the government from clamping down on cryptocurrency trading, and any petition with more than 200,000 signatures prompts a response from officials within 30 days in the country.
A ripple effect of South Korea's new regulations is the clamp down on arbitrage traders.
South Korea recently became the latest jurisdiction to clamp down on cryptocurrency exchanges.