Economy

Bitcoin Prices Steady After South Korea ICO Ban

Bitcoin Prices Steady After South Korea ICO Ban”

Being interviewed by a local bitcoin-concentrated news outlet (BitcoinBlog.de) an employee of Bitcoin.de did announce the service becoming active due to the increasing demand for altcoins.

"As the number of players in the virtual currency industry grows, so do cases of related fraud and abuse. bitFlyer looks forward to a market that ensures increased customer protection through asset segregation, and a registration program under the FSA that requires KYC and auditing", bitFlyer said in a statement. "Upon the emerge of Ethereum, the demand toward altcoins and cryptocurrencies in general surged".

Elsewhere in cryptocurrency trading, the second biggest cryptocurrency by market cap after bitcoin, slipped 0.83% to $302.01. There have been several instances in Pakistan when the government warned Bitcoin users against cryptocurrency scams.

The Final Word: Despite the latest regulatory hurdles, the cryptocurrency market continues to find new avenues of growth, as investors latch on to its unique strengths and value drivers. In less than two weeks, Europe has become a large Bitcoin market, surpassing China by over 3%.

Countries and nations from Europe are houses to some of the most innovative and creative financial directed technology companies and startups. Today, the European market is only the fourth largest, behind Japan, the United States, and South Korea, with a market share of 5%. However, European Bitcoin market is still striving to match the pace of other markets, like Japan or South Korea.

At this point, Europe is the third largest Ethereum market when it comes to trading volume, accounting for over 7.5% of global ETH transactions. As regional trading platforms and marketplaces such as Bitcoin.de continue to integrate Ethereum and demonstrate support for other cryptocurrencies, Europe will likely see significant improvement in adoption and regulations. He said that it's unlikely for the digital currency to become a mainstream currency unless the government or banks properly regulate and monitor it.



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