South Korea to ban crypto trading

https://www.reuters.com/article/us-southkorea-bitcoin-law/south-korea-justice-ministry-prepares-to-ban-cryptocurrency-trading-exchanges-raided-idUSKBN1F00B7

Another heavy handed attempt at regulating crypto leading to a broad market selloff. The SEC is also cracking down on repatriating KRW from the arbitrage opportunity between Bithumb and US exchanges. That trade was easily 30% * 1 Billion USD daily volume = 300 Million USD a day for the top arbitrage shops. Governments will soon realize it is impossible to control the spread of decentralization. They cannot keep taxing us and printing money to fuel budget deficits and wasteful politicians.

So, what do? Keep hodling the main decentralized projects BTC and ETH and buy the dips. I'm aware that BTC is a cartel where less than 1000 addresses control a majority of the supply and China controls most of the hash power. But it is in their best interest to keep supporting the project and not crash it.