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Bitcoin value could drop with new regulations from China and South Korea

Michael McLaren

At its peak in December 2016, Bitcoin was valued at approximately $20,000 per coin.

But with potential regularity crackdowns in South Korea and China, that value might take a hit.

To find out more, Michael McLaren speaks with RMIT Economics Professor Jason Potts.

“The Chinese and Korean and Australian government can’t do much about the underlying Bitcoin protocol, but they can regulate the tax treatment of it.

“The main issue at the moment is not so much the threat governments are making but just the uncertainty surrounding this.”

Listen to the full interview below

Michael McLaren
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