한국벤처창업학회:학술대회논문집
- 2018.04a
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- Pages.187-190
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- 2018
Identifying Cryptocurrency Regulation Effects on Bitcoin Price : An Empirical Case in South Korea
Abstract
The study examines the effects of the regulation on cryptocurrency market, investigating a case in South Korea. As South Korea has one of the largest market share of the cryptocurrency market for the time being, its regulation in South Korea affected the entire markets around the World. This research in progress will use the method of difference-in-differences to assess the effects of regulation to the market. The findings indicate that there is a significant reduction of the Bitcoin price and the price volatility was significantly reduced by about 58% after the regulation of the cryptocurrency market. More so the trading activity indicates a huge decline after regulation was implemented.
Keywords