Bitcoin gambling forum

Enter the terms you wish to search for. South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided bitcoin gambling forum exchanges on alleged tax evasion. The clampdown in South Korea, a crucial source of global demand for cryptocurrency, came as policymakers around the world struggled to regulate an asset whose value has skyrocketed over the last year.

Justice minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges. Park told a news conference, according to the ministry’s press office. After the market’s sharp reaction to the announcement, the nation’s Presidential office hours later said a ban on the country’s virtual coin exchanges had not yet been finalised while it was one of the measures being considered. Once a bill is drafted, legislation for an outright ban of virtual coin trading will require a majority vote of the total 297 members of the National Assembly, a process that could take months or even years.

The government’s tough stance triggered a selloff of the cryptocurrency on both local and offshore exchanges. The local price of bitcoin plunged as much as 21 percent in midday trade to 18. It still trades at around a 30 percent premium compared to other countries. South Korea’s cryptocurrency-related shares were also hammered. Vidente and Omnitel, which are stakeholders of Bithumb, skidded by the daily trading limit of 30 percent each. Mun Chong-hyun, chief analyst at EST Security.

Securities, said the herd behavior in South Korea’s virtual coin market has raised concerns. Indeed, Bitcoin’s 1,500 percent surge last year has stoked huge demand for cryptocurency in South Korea, drawing in traders from college students to housewives and sparking worries of a gambling addiction. By Thursday afternoon, the Justice Ministry’s announcement had prompted more than 55,000 South Koreans to join a petition asking the presidential Blue House to halt the crackdown on the virtual currency, making the Blue House website intermittently unavailable due to heavy traffic, the website showed. There are more than a dozen cryptocurrency exchanges in South Korea, according to Korea Blockchain Industry Association. The proliferation of the virtual currency and the accompanying trading frenzy have raised eyebrows among regulators globally, though many central banks have refrained from supervising cryptocurrencies themselves. The news of South Korea’s proposed ban came as authorities tightened their grip on some cryptocurrency exchanges. Meanwhile, the nation’s largest cryptocurrency exchanges, including Coinone and Bithumb, were raided by police and tax agencies this week for alleged tax evasion.

The raids follow moves by the finance ministry to identify ways to tax the market that has become as big as the nation’s small-cap Kosdaq index in terms of daily trading volume. Some investors appear to have taken preemptive action. Eoh Kyung-hoon, a 23-year old investor. That created confusion and triggered a broad selloff among investors. An official at Coinone told Reuters that a few officials from the National Tax Service raided the company’s office this week. The official, who spoke on condition of anonymity, said that Coinone was cooperating with the investigation.

Bithumb, the second largest virtual currency operator in South Korea, was also raided by the tax authorities on Wednesday. Bithumb said, requesting anonymity due to the sensitivity of the issue. The nation’s tax office and police declined to confirm whether they raided the local exchanges. South Korean financial authorities had previously said they are inspecting six local banks that offer virtual currency accounts to institutions, amid concerns the increasing use of such assets could lead to a surge in crime. What’s The Beef Between Drake and Pusha T?

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The silence of feminists during the rise of Bitcoin has been deafening. Bitcoin is an interesting case study because it is modern and doesn’t have the excuses that you hear when the glass ceiling argument breaks out. Bitcoin is hardly established, and there is no one central authority. Bitcoin didn’t come with any biases. It was nothing ten years ago, and its meteoric growth is well-known. Is this the patriarchy keeping women from investing? There is nothing that stops women from investing in Bitcoin.