South Korea seeks to eliminate the cryptocurrency market and bitcoin looks

the country that was going to be a major participant in the circulation of cryptocurrencies now turns against them due to the evasion of taxes and the laundering of money, reaching that point in the government's ears and options are being given to remove all markets from bitcoin among other cryptocurrencies of Korea, bitcoin was the first to react to the ban in south korea that its value was at 17 thousand dollars and has dropped to 13 thousand dollars a very strong decline in addition to other cryptoactive are expected to also give the downside is expected that the bitcoin has a fall to the downside but it is only that more countries enter the measure to prohibit the cryptocurrency because of its high value or simply regulate them so that they are within everyone's reach and not have these excessive values ​​it should be remembered that this action taken by korea could be taken by other countries to destroy this market

Is this the end of the cryptocurrency?