Under the measure, only real-name bank accounts and matching accounts at virtual currency exchanges can be used for deposits and withdrawals, while the issuance of new virtual accounts to cryptocurrency exchanges will be banned, Hong said. Perhaps in response to the news, the cryptocurrency markets fell overnight, with Bitcoin slumping 10%.
Following this news, the Bitcoin price has plunged by more than 11% in the past 24 hours and is now trading at $14375.70, according to CoinMarketCap.
The South Korean government is planning to implement restrictive laws that will reportedly include a ban on opening anonymous cryptocurrency accounts to crackdown on money laundering and financial fraud.
Bitcoin climbed as much as 8.3% in Asian trading, before dropping back to trade 5.1% higher at $14 536 at 9.04am in London, composite Bloomberg pricing showed.
Authorities have also pointed out premiums in prices of cryptocurrencies traded on South Korean exchanges compared to other global counterparts. Before this correction, Bitcoin had managed to recover from a major correction last Friday when the cryptocurrency corrected to more than 40% going below $12000.
"Officials share the view that virtual currency trading is overheating irrationally. and we can no longer overlook this abnormal speculative situation", Hong Nam-ki, thw South Korean minister for government policy co-ordination said. I believe longer-term we go higher, but also recognize that short-term pullbacks are possible. While bitcoin's debut on regulated derivatives exchanges in Chicago was thought to have given it a new mainstream channel for investors to tap, so far trading volume has been limited.
He addedBitcoin's recent drop was largely expected, saying investors may see more and more volatility next year, given the lack of liquidity in the market.
" Civilization 6 " is now playable on the go, as the turn-based strategy game came out on the Apple Store on Thursday, Dec. 21. Still, Civilization is a thoroughly addicting game, and one that seems ideal for the pick-up-and-go possibilities of the iPad.
Democrat Shelly Simonds appeared to beat Yancey in the 94th District in Newport News 11,608 to 11,607 in a recount Tuesday. The official, Kenneth Mallory, wrote that the ballot had both candidates' names bubbled in for the 94th District race.
This retail expansion comes as more than a dozen pop-up stores opened in recent months throughout the country proved successful. They had some outlets in the country in collaboration with Spice Connect , but they shut them soon very quickly.
Randall Williams said, "We know that historically, the intensity or prevalence of flu can vary from year to year". The more people who get it, he said, the less likely there will be a serious flu problem in the country.
Wenger sent on centre-back Shkodran Mustafi for Nacho Monreal, but the fault-lines in Arsenal's defence were still being exposed. However, Arsenal then produced a stunning spell of three goals in five second-half minutes to swing the balance completely.
De Lesseps' friend Olson told Page Six that the man who was in bed with the star was "a guy she had previously dated". After the news of her arrest broke on Sunday, de Lesseps Luann tweeted out an apology that afternoon.
Since that time, he faced a brief scandal after his new wife, Louise Linton, bragged on Instagram about the couple's travels. Wrapped in gift paper and addressed from "the American people", the package reportedly contained a Christmas card.
Snowfall may total over 6-inches in portions of northwest in where lake-enhanced snowfall could combine with system snow. Christmas afternoon and evening - Temperatures will range from the mid-upper 30s, melting accumulated snow.
Home delivery has in recent years become commoditized, so that we now set our expectations in hours rather than days. Its devices run on AA lithium batteries and are created to go anywhere from outside a home to the kitchen counter.
Payroll Survey Estimates - The preliminary nonfarm payroll jobs estimate was up 2,100 from one year ago to 619,200 for November. The national rate was 4.1 percent in November, unchanged from October, and down from 4.6 percent in November 2016.
The report stated that IKEA is said to have built up a network of subsidiaries in the Netherlands, Luxembourg and Liechtenstein. This entitles the IKEA shops to use the IKEA trademark, and receive know-how to operate and exploit the IKEA franchise concept.
The Rs Rs Muslim women (protection of rights of marriage) bill 2017 is likely to be tabled in the Lok Sabha on December 26. There is also a provision of imprisonment for a term which may extend to three years and fine for violators.
Conservative Leader Andrew Scheer said Trudeau showed a lapse of judgment by not clearing the trips with Dawson ahead of time. Trudeau and his family stayed at the Aga Khan's home on Bell Island in the Bahamas from December 26, 2016 to January 4.
Seneca County's jobless rate was lower in November from October and is lower than estimates from last November. The rate is down from previous year when it was 6.1 percent, not a statistically significant decline.
It has been a record breaking journey for Tiger Zinda Hai and Bollywood couldn't have bargained for anything lesser from it. Noted film critic and trade analyst shared Day three collections on Twitter.
Dembele has been linked with clubs in the Premier League, Ligue 1 and Serie A in advance of the January window opening. Media reports said Liverpool beat Manchester City and Chelsea who had both shown an interest in van Dijk.
As per the report , the handset went from zero to 100 percent in 92 minutes compared to over two hours of charge time. The Oreo update is likely to make the mid-range smartphone an even more attractive buy for users in the market.
It is being reported that McCabe confirmed he was told by Comey that Trump demanded a loyalty pledge from the ex-FBI chief. After Comey's dismissal, McCabe served as acting FBI Director until the approval of the new director, Christopher Wray.
In one NSFW clip , Chappelle aims his jabs at the " poor whites" who helped elect Donald Trump during the 2016 election . Dave Chappelle admits to feeling sorry for the " poor white" population who voted for Trump in a new comedy routine.
On Monday night, the army balanced the scales by arresting the girl who had instigated the troubling encounter. Tamimi is well known as a leader of youth protests against Israeli soldiers in the West Bank.
Meanwhile, Shilpa and Puneesh secretly discuss how Vikas is actually scared of Shilpa and which is why he is so sweet on her face. Hiten was the coolest contestant inside the madhouse and was loved and respected by not just the housemates, but also viewers.