Look what happens when you try to ban cryptocurrency:

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·@jrcornel·
0.000 HBD
Look what happens when you try to ban cryptocurrency:
# The South Korean Finance Minister announced yesterday that they would be drafting a bill to ban cryptocurrency trading in the region.

Today, the public has responded:

https://s14.postimg.org/ufla2rr7l/Screenshot_69.png
(Source: https://twitter.com/iamjosephyoung/status/951710054868135936)

Over 100k signatures have been filed to reject the trading ban proposal and another 30k signatures have filed for the removal of the two ministers from their positions.

Ouch!

I would imgaine that they didn't think drafting such a bill could potentially cost them their jobs!

# Oh and by the way, shortly after the news broke about South Korea potentially banning cryptocurreny trading, this was released:

https://s14.postimg.org/4k1jjsmvl/Screenshot_68.png
(Source: https://twitter.com/iamjosephyoung/status/951428854085689344)

Isn't that nice.

# To recap:

There is likely no trading ban in South Korea in the short term.

AND...

The earlier announcement might conceivably cost some officials their jobs.

Stay informed my friends.

Follow me: @jrcornel
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