Among the biggest advantages and disadvantages of the crypto currencies is the fact that they are not dependent on governments, on the one hand, but on the other hand, they can be affected by their regulation.Crypto currencies are believed to be widely used by criminals for money laundering. Prevention of this activity is one of the main reasons for attempts to regulate the market.
Last month, the South Korean government said it would increase the control and monitoring of crypto currencies, and even stopping stock exchanges if necessary.
On Monday, South Korean officials inspected six leading banks, reviewing their money laundering measures. This largely frightened the crypto currencies markets and investors.
The bitcoin can also be blamed for the fall of the crypto currencies. It has a market capitalization of 35% of the total, and in this respect its losses are negatively affecting the whole market.
Investors still see the bitcoin as an investment rather than as a current currency these days.
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