Cryptocurrency ban in South Korea has virtually no effect on Bitcoin

Cryptocurrency ban in South Korea has virtually no effect on Bitcoin

South Korea on Friday announced a ban on initial coin offerings (ICOs).

 
 
Photo by thenextweb.com

This follows China’s ICO ban earlier this month, which preceded a short dip in value for major cryptocurrency offerings like Bitcoin (BC) and Ethereum (ETH).

This time, the market barely took notice.

BC traded at $4,353 Friday, while ETH was valued at $291.

At the time of this writing,

 
 

 

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