From what I've read there was a bunch of FUD spread around about a rogue minister saying there 'might' be a crackdown. It turns out that although things were said by someone in government, large bodies have come out saying that they will simply regulate as best they can. I took advantage of the dip but I suppose I'm in a better position to ride the wave seeing I've already been through this type of play with NEO. Here's confirmation that South Korea is not banning cryptos : https://cointelegraph.com/news/official-no-cryptocurrency-trading-ban-in-south-korea-government-says
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