..

South Korea Plans Crypto-Currency Ban

Written by:
Guest
Published on:
Dec/13/2017

Bitcoin.com is reporting that South Korean regulators have announced a plan to prevent banks from engaging in activities related to crypto-currencies.  South Korea will no longer be issuing accounts required for crypto trading. 

BetOnline now accepting Litecoin

A number of exchanges based in that nation will be affected.  These include Bithumb, Coinone, and Korbit.  Banks offering confirmation include Shinhan Bank, Korea Development Bank, and Industrial Bank of Korea.

The AFP reported:

The Prime Minister’s Office said Seoul would ban financial institutions from dealing in virtual currencies – including buying, possessing, or holding them as collateral.

Banks that provide virtual bank accounts for cryptocurrency trades will have to verify the identification of account holders when creating new ones.  Likewise, foreigners and minors will not be permitted to trade in crypto-currency in Korea.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Find Elon Musk Twitter Odds: Promises to Allow Trump Back on Platform

Find Elon Musk Twitter Odds: Twitter Acquisition No Longer a Sure Thing

Elon Musk has closed on deal worth around $44 billion in cash, Reuters reports.  Musk now says he wants to slash Twitter offer based on the number of bots.

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

The Dow sank 1,000 points on Wednesday, or 3.2%, as dismal results from Target renew fears that inflation is battering companies.

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Elon Musk taking over Twitter seems like a 50-50 proposition at this point, but the people who crunch numbers for a living are giving it even less of a chance.

Craig Wright’s Defamation Suit Will Proceed...Plus Calls for Hearing on TerraUSD's Collapse

Craig Wright’s Defamation Suit Will Proceed...Plus Calls for Hearing on TerraUSD's Collapse

The price of UST plunged to 10 cents last week, while Luna fell to "virtually zero", down from an all-time high of $119.51.

Elon Musk Bets Still Available as Twitter Purchase No Longer a Sure Thing

Elon Musk Bets Still Available as Twitter Purchase No Longer a Sure Thing

Elon Musk says that $44 billion Twitter acquisition deal cannot proceed until there is proof provided that the social media platform has fewer than 5% fake accounts as BetUS continued offering

Syndicate