Ripple News Update
Ripple prices are down on Thursday, most likely as a result of the market-wide slump in cryptocurrency prices. But even without the macro pessimism, South Korea’s ongoing regulatory pressure might have held down XRP prices anyways.
What am I talking about?
Well, in January, the Korean government banned anonymous cryptocurrency trading. At first, it looked like officials might actually ban trading completely, but a public backlash forced the government to scale back its efforts.
So, Korean regulators settled on a compromise. Cryptocurrency exchanges and the banks that associate with them would have to follow anti-money laundering rules to stem the.
The post Ripple Price Prediction: Korean Pressure Isn’t Helping an XRP Recovery appeared first on Profit Confidential.
Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ripple/xrp-price-prediction-korean-pressure-isnt-helping-recovery/ March 23, 2018 Gaurav S. Iyer, IFC