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RE: Breaking – South Korea Bans Initial Coin Offerings: Report

in #bitcoin7 years ago

waw the ban will likely put short-term downward pressure on the ethereum price as investors sort out the details. A great deal of ethereum volume is concentrated on Korean exchanges, and it is likely that demand will diminish if local investors are prohibited from contributing to ICOs or trading for ERC20 tokens. That said, the markets have already demonstrated their ability to weather the Chinese ban on ICOs and bitcoin exchanges, so investors have reason to believe they will endure this storm as well