South Korea to ban foreigners from crypto trading

South Korean Government is deeply concerned about due to theĀ "unchecked speculation" on cryptocurrency market
13 December 2017   1994

The government of South Korea announced that it would prohibit foreigners and minors from dealing with currency trading or opening accounts in local banks. This is reported by ZDNet.

Such a statement was made after an emergency meeting of high-ranking representatives of financial regulators, at which the risks of trading crypto-currencies were discussed.

According to the publication, the country will also introduce a profit tax on virtual money and will tighten requirements for the authentication of traders.

In turn, banks and other financial institutions will not be able to own, buy and mortgage crypto-currencies or their derivatives. In addition, transactions with the participation of virtual money institutional traders will be able to perform exclusively on stock exchanges.

Last week, the price of bitcoin in South Korea ranged from 14 million won ($ 13,000) to 25 million won ($ 23,000). As a result, officials expressed fears that the crypto-currency sphere could be a financial bubble because of "unchecked speculation."

It is also noted that the departments will make every effort to prevent losses of "ordinary" investors and suppression of speculation on stock exchanges. However, the full prohibition of crypto currency is out of the question, since such a move could hamper the development of financial technologies.

BTC Extortionists to Send Explosion Threats In US & CA

Police reported that explosive devices in the places specified by extortionists were not found
14 December 2018   90

In Canada and the United States, local businesses and residents received letters threatening to detonate a bomb if they did not send bitcoins to extortionists. Because of this, in some regions, law enforcement officers evacuated people from bus stations, schools and airports, reports Global News.

Extortionists threatened to blow up universities, schools, city halls and local businesses in the US states of Utah, Aidaxo, New York, Oklahoma and Illinois. The New York City Police Department urged residents not to panic or send bitcoins to criminals. Police also reported that explosive devices in the places specified by extortionists were not found.

In Canada, extortionists promised to blow up buildings and car dealerships in Toronto, Edmonton, Ottawa, Calgary and Montreal. Some residents of the attackers asked for a ransom in bitcoins in the amount of $ 20 thousand. After verification, the Calgary police stated that the messages were part of phishing attacks and did not pose a threat to the public.