After four days of direct losses Monday through Thursday, Bitcoin seems to be somewhat stabilized. However, 2018 did not start well as it marks the second consecutive week of poor performance.

While Bitcoiners have become accustomed to peaks and rallies, this flattening of the price chart should always be considered positive. . We learn that the South Korean Minister of Justice has backed down on a proposal to ban local exchanges of cryptocurrency in the country.

Regulators have long been behind the eighth when they control digital currencies. case by case. The time has now grown rapidly when governments and officials have had the opportunity to put in place plans that have affected the market.

A Hollow Week

The past four days have seen Bitcoin drop 23 percent to a point in its second week of 2018, but far from being a drop, it has been a steady decline – much more distressing.

Cryptocurrencies across the board have had tough times in general, as the Bitcoin price is inexplicably linked to most higher altcoins.

The discussions of a brewing brew market due to derivative models in the graphs have many answers to why cryptocurrency has made such a fall since

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One factor that has historically hit Bitcoin hard is the regulatory turmoil. The announcement by China that it would ban the ICOs and would follow these exchanges, blew up the market.

This week, similar fears surfaced – albeit falsely – when the South Korean Justice Ministry announced it would ban trade in cryptocurrency. This was done without the consent of the Ministry of Strategy and Justice and other government agencies involved in the Working Group on the Regulation of South Korean Cryptocurrency

. the executive office and the official residence of the South Korean president

According to a spokesman of the working group on South Korean cryptocurrency, it is not planned to ban the crypto-currencies.

The Korean government has no choice but to follow regulatory frameworks and trends established by other important governments. While there is certainly a negative reputation attached to cryptocurrencies, the government's position is to allow what needs to be allowed for the benefit of the South Korean market. "

China's Third Strike

After banning the ICOs and then the exchanges, Chinese regulators now seek to attack minors in the Socialist Republic, a country which holds the majority of Bitcoin mining power.

The reason China is a mining power has to do with the cheap and often subsidized power that the miners exploit.The plans are now to make this more expensive essential power, reducing profit margins.

SEC guard dog

In the United States, the SEC, which had a little history in cryptocurrency

Fears of money laundering and the use of cryptocurrencies for other fraudulent uses led the chairman of the Commodity Futures Trading Commission, J. Christopher Giancarlo, to the mantle of Federal Comptroller of Digital Currencies

It's Only Weakness

Regulators, even in China, have never been able to kill Bitcoin. However, it is clear that they have a lot of weight when it comes to influencing the market price.

This latest episode of muscle flexion shows that it is necessary to have some parity between the regulators and the digital. economy of money before things can continue their happy way.