Bitcoin price THREAT: Fears bitcoin will crash as Merkel and Macron propose regulation

Bitcoin prices suffered a crushing blow this week after South Korean regulators threatened to ban crypto trading, plummeting $ 83billion (£59.8billion) in value between Monday and Thursday alone. Bitcoin investors now fear further regulation in Europe could adversely impact prices, which were trading …
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215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond (news.bitcoin.com)

A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related petition calls for the removal of the governor of the country’s Financial Supervisory Service.
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New Cryptocurrency Exchanges Proliferate in South Korea Despite Regulation (news.bitcoin.com)

New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including two run by Kosdaq-listed companies.
Also read: South Korea Urges 23 Countries

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Harvard Professors Predict Bitcoin Collapse Due to Government Regulation

According to some Harvard economics professors, Bitcoin will eventually be destroyed through the weight of government regulation. Professor Kenneth S. Rogoff believes that the risk of financial anonymity will eventually create an environment where regulation would crush Bitcoin. He said:.
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South Korea to Cooperate with China and Japan on Regulation (news.bitcoin.com)

South Korean regulators are seeking cooperation with counterparts from Beijing and Tokyo to address cryptocurrency speculation. Six commercial banks have been targeted by Seoul authorities inspecting crypto trading. Korean experience is to help a possible trilateral approach to regulation.
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Korean Government Starts Inspecting Major Banks for Crypto Regulation Compliance (news.bitcoin.com)

The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move follows the regulators’ recent announcement prohibiting the use of virtual bank accounts for anonymous trading.
Also read: Russian Regulators Draft Law to Restrict Crypto Mining,

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China is reportedly eyeing government regulation on the power usage of bitcoin mining

Experts say China is one of the world's biggest sources of bitcoin mining, where miners solve complex mathematical puzzles with computers in order to be awarded virtual coins. The intensive use of computers for bitcoin mining has boosted demand for electricity. While the People's Bank of China …
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Gibraltar Launches Regulation to Protect Value and Reputation (news.bitcoin.com)

A mechanism tailored to protect customers of cryptocurrency businesses in Gibraltar, and its own reputation, went into effect on January 1. The regulation targets blockchain technology – companies storing and transmitting value must now be licensed by the Financial Services Commission (GFSC). 
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