Bitcoin prices plunged on Thursday after South Korea’s justice minister said a bill was being prepared to ban cryptocurrency trading in the country. Photo: EPA

Bitcoin sinks 14pc below US$13,000 after South Korea mulls ban on cryptocurrency trading

South Korea intensifies crackdown on speculative trading in virtual currencies in the country, citing “great concerns”

Topic |   Bitcoin

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Bitcoin prices plunged on Thursday after South Korea’s justice minister said a bill was being prepared to ban cryptocurrency trading in the country. Photo: EPA
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.