South Korea bans its banks from dealing in Bitcoin
December 14th, 2017
South Korea banned its financial institutions from dealing in virtual currencies such as Bitcoin, as the cryptocurrency soars in a bubble fuelled by retail speculators, many of them from the country. There are many of them small-time investors, are estimated to own Bitcoins and demand is so high that prices for the unit are around 20 percent higher than in the US, its biggest market.