Cryptocurrency markets are tanking on news of shutdown in South Korea

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Cryptocurrency markets are tanking on news of shutdown in South Korea
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South Korea has been a hot market for cryptocurrencies. Bitcoin, for instance, has traded at a more than 40% premium on exchanges in the country relative to US exchanges. According to Josiah Hernandez, chief strategy officer at Coinsource, that demand will make it hard for regulators to follow through on a full ban.

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