The entire cryptocurrency market experienced major losses over the past few days. This recent drop seems to be the result of South Korea announcing that they are considering stricter measures against cryptocurrencies, as they seek to further regulate the market. Many people are looking for answers on the future of cryptocurrencies, as uncertainty mounts in South Korea.
Cryptocurrencies are attractive mainly due to their decentralized nature. Although some cryptocurrencies—such as Ripple’s XRP—are not completely decentralized, and they too are popular. Decentralization allows for true independence from a state entity.
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