Whether South Korea will indeed pull the trigger on a full ban or not is unclear at this time. What is apparent with increasing clarity, however, is that world governments are taking cryptocurrency and blockchain technology - and the implications that these technologies have for the fintech sector - much more seriously than ever before. Any move toward limiting the availability of exchanges to cryptocurrency investors will, of course, reduce the impact of speculation. However, by the same token, reducing access to exchanges will severely limit the ability of individuals that are interested in learning more about the technology to know how cryptocurrencies work, which in turn could limit the spread of blockchain as a whole.
Author: Catherine Tims is a freelance writer for Bitcoin Exchange Guide. She received her Master's degree in English Language and Linguistics at the University of Arizona, she taught writing to graduate students at the University of Illinois/Champaign-Urbana. and through her business, Ivy League Content, freelances full time for business clients who need highly-researched articles.