However, this recent decision is sure to have repercussions on the international cryptocurrency trade given the fact that One out of every Ten
global bitcoin transactions take shape in India (as per Quartz)
This uptick means that there could be a significant decrease in
global bitcoin transaction fees and times.In the past 24 hours alone, SegWit usage levels have hit peak levels of adoption at the 30 % of total Bitcoin transactions mark.
South Korea is a hotbed for cryptocurrency trading, accounting for some 20 percent of
global bitcoin transactions, while much of the «mining» — computerised creation — of the coin units is undertaken in China.
In spite of emerging as a hotbed of crypto trading leading to 20 % of
global Bitcoin transactions, the South Korean regulators since the very beginning had been propagating about the risks associated with Bitcoins.
The BBC claims that bitcoin is very popular in South Korea too, and makes up about 20 % of
global bitcoin transactions.