It turns out the "ban" was all an exaggeration by one loose cannon.

The South Korean government has officially announced there will not be a cryptocurrency ban, correcting what was suggested yesterday. The initial ban announcement unsurprisingly caused a significant drop in market capitalisation across the board. The market is now recovering rapidly.

Yesterday, the Ministry of Justice, without consultation from other departments apparently, announced an impending ban on cryptocurrency exchanges. This was followed by a raid on major exchanges including BiThumb and Coinone. Prices across the market plunged.

Today, the government stepped back on these announcements and instead stated that no ban was planned at the moment. In fact, the statement made by the Minister of Justice had been made without any consultation from other branches of the government.

Yesterday, I recommended stocking up during the dip on Ethereum, Bitcoin, Bitcoin Cash, and Tronix, along with privacy coins Verge, Monero, and PivX. Most coins today are seeing a solid recovery which will likely continue into the weekend.

*This is not professional trading advice - just my opinion!

source:

https://www.cointelegraph.com

http://www.121corp.com/services/video/fud