While Bitcoin’s fortunes mirrored its competitor losing $380 in a single day.
South Korea has announced a curb on crypto futures and vowed the come down hard on any criminal activities involving illegal currencies.
The country, which had been a big player in the cryptocurrency boom, is now considering a full shutdown of all exchanges.
The government has also vowed to support research and development into the blockchain on which cryptocurrencies are based.
On Wednesday it was revealed by Justice Minister Park Sang-ki that the government was preparing a law to close all the nation’s exchanges.