Rippled Recked Amid Crypto Carnage As South Korea Launches Probe – Press – Xrp Chat money laundering form

Amid headlines that south korean regulators are inspecting 6 banks, including industrial bank of korea, that provide virtual accounts to companies related to cryptocurrency, has sparked selling pressure across the entire space with ripple down almost 20% today.

Bloomberg reports that south korea’s financial services commission chairman choi jong-ku said in a speech text:

There’s high possibility cryptocurrency transactions could be used in money laundering.

South korea to suspend virtual account- related operations of banks if they are found to have broken laws related to cryptocurrency.

Regulator also strengthen probe into cryptocurrency exchanges over price manipulation, money laundering, pyramid scheme.

Side effects of cryptocurrency serious; regulator will consider all measures including shutdown of cryptocurrency exchanges.

Cryptocurrency fever in S.Money laundering form korea is much stronger than other countries; regulator won’t let S. Korea take the lead in abnormal cryptocurrency trading.

And the last few days have seen that korean exuberance being smashed out of cryptos.

Why? The articles on zerohedge get tens of thousands of views. It is worth discussing the implications of what they post.

If the number of views were a metric for worthiness of discussion, we’d have to post articles from all the most sensationalist gossip-rag trash.

ZH is consistently hyperbolic, spinning facts, and framing everything they can in terms of a cynical bearish view. There is no evenness to the articles, and often they are rushed off with errors in grammar and spelling. One of the last articles I read there wasn’t even finished. The last sentence just cut off…

It is not quality. It is not worth discussing. When bad things happen we all know ZH will jump on it to promote their condescending outsider schtick.Money laundering form it’s a surprise to no one. Their perspective is consistently negative, and thus not honest, as it’s statistically impossible to only encounter stories worthy of negative reaction. If it’s not honest, then what’s the point of discussion? So we can all refute it? So we can all dismiss it as FUD? Or be aware that FUD exists? Time poorly spent.

Whenever I see a ZH headline, I google it to find the topic discussed elsewhere in a format worthy of my time.

If the number of views were a metric for worthiness of discussion, we’d have to post articles from all the most sensationalist gossip-rag trash.

ZH is consistently hyperbolic, spinning facts, and framing everything they can in terms of a cynical bearish view. There is no evenness to the articles, and often they are rushed off with errors in grammar and spelling. One of the last articles I read there wasn’t even finished.Money laundering form the last sentence just cut off…

It is not quality. It is not worth discussing. When bad things happen we all know ZH will jump on it to promote their condescending outsider schtick. It’s a surprise to no one. Their perspective is consistently negative, and thus not honest, as it’s statistically impossible to only encounter stories worthy of negative reaction. If it’s not honest, then what’s the point of discussion? So we can all refute it? So we can all dismiss it as FUD? Or be aware that FUD exists? Time poorly spent.

Whenever I see a ZH headline, I google it to find the topic discussed elsewhere in a format worthy of my time.

I don’t disagree with you. This is why I tag it as such. I am not trying to push zerohedge as a quality source of anything, except maybe an entertaining comments section. Until crypto matures it is still widely susceptible to false rumors and FUD, so why wouldn’t you want to be aware of all the angles?Money laundering form I didn’t post this for your analysis of their shtick, I posted it so people are aware of what’s circulating right now.