S.Korea's cryptocurrency shares fall after Goldman drops trading plan
06/09/2018 07:00
** South Korean shares exposed to cryptocurrency tumble
after Goldman Sachs Group Inc GS.N reportedly ditches plans to
open a desk for trading cryptocurrencies as the regulatory
framework for the asset remains unclear urn:newsml:reuters.com:*:nL3N1VR47T
** Financial news website Business Insider says Wednesday
Goldman executives feel many steps still need to be taken, most
of them outside the bank's control, before a regulated bank will
be allowed to trade cryptocurrencies
** South Korea's cryptocurrency exchange Bithumb's
stakeholders Vidente Co Ltd 121800.KQ and Omnitel Inc
057680.KQ drop 7.1 pct and 5.0 pct each
** Bitumb is the fifth-busiest exchange in the world,
according to Coinmarketcap.com
** Bitcoin BTC=BTSP trades down nearly 4.8 pct at $6,361
on the Luxembourg-based Bitstamp exchange, while it closed down
9.3 pct on Wednesday
** Other cryptocurrency shares such as Woori Technology
Investment Co Ltd 041190.KQ and SCI Information Service Inc
036120.KQ fall 5.0 pct and 3.6 pct, respectively
** The broader market .KS11 down 0.1 pct as of 0538 GMT
((joori.roh.thomsonreuters.com@reuters.net))