South Korea to ban transactions in virtual currencies to financial institutions.

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South Korean financial institutions are expecting a regulatory prohibition from dealing with virtual currencies, including buying, possessing or holding them as collateral. This recent news have dropped the value of virtual currencies by 5%.

This, however, further proves the tremendous amount of virtual currencies being held by speculative investors, different from the actual user community that regardless of the regulations and value would still be able to use the virtual currencies within their network.