Bitcoin Forum

South Korea has reportedly made plans to loosen restrictions on cryptocurrencies based on the G20 meeting. The G20 meeting made efforts to create uniform regulations. Read on to know more!

Source : https://coinfrenzy.io/south-korea-relax-crypto-norms/

Im reading such positive news about crypto almost daily now, one by one every country is surrendering and accepting the reality of crypto assets, in other words crypto is set to become un-stoppable and this will be reflected by price growth of crypto assets as well.

Yes. Many good news coming in. Hope the market bounces back soon

South Korea being on top of there game and recognize bitcoin/cryptocurrency, this will be a precedent for other countries.  South Korea already studied this for a long time and was convince already that cryptocurrency will create a positive change in their society. Hope other countries will follow as well.

Good news. I hope this will support the market recovery.

South Korea is one of the countries that is at the forefront of the cryptocurrency industry, the government and institutions of South Korea have created wise regulations I really appreciate their way, I hope other countries can follow South Korea's step in their crypto regulation

I can perceive that things are becoming better in the crypto space. Cryptocurrency is gradually gaining more audience. Very soon i see this technology become one of the foremost, profound and working technology that would transform lives.

Why need to loosen when they can totally open the door for cryptocurrency because korea needs this community more than we need their country.but with this korean action i believe that many Chinese countries will follow their footsteps to manage adapting the technology behind this cryptocurrency

Good news for the crypto world again. I like to read something like that.
In the last days there was really a lot of good news. Hopefully it goes on like this.

Who doesn’t want a good news on daily crypto life to bring back the market in a better place since the fall from last year. I’ll take salute to those who virtually trying to make the informations visible by all means for the investors to learn about it or to change their attitude towards investing again. SK is one of the country I’m looking forward for any developments about cryptocurrency adaptation and regulation.

South Korea was one of the first to "Ban" Crypto and forced exchanges to shut down which heavily aided in Bitcoin's demise last year December (I was in Korea at the time), so no they have not been on top of their game, if anything they have tried to KILL the game. But finally they have opened their hearts and minds to crypto, now the prices of coins should rise a little after the G20 summit, Peace!

I have already heard that South Korea is sitting the positive goals against cryptocurrencies,  for me it is one of the best news that we had recently because South Korea is a big player in this game.

This is what I have observed myself recently. Feels great to observe world governments realizing the power of the cryptocurrency market and the technology behind this market. Almost all governments favor the blockchain technology while only a few governments favor cryptocurrencies which will grow over time since the truth is that crypto is here to stay. More countries like China, India etc need to follow in the footsteps of South Korea which could trigger the next big bull run if I am not mistaken.

If South Korea eases its restrictions, it will be very good for the entire cryptocurrency market. But in their place, I would not allow citizens of my country to participate in the ICO.

Maybe they started to understand many things, I think that after the relations with this country began to improve, many people began to understand what can be done to test such technologies.

I read the article, the news is certainly very positive, there are many countries, banks and "strong powers" that are trying to fight the cryptocurrency market, but fortunately there are also countries like South Korea that are very favorable to this sector. I hope that his example is soon followed by many other countries in the world

This is good news for the cryptocurrency market as a whole, because Korea is an important market for the cryptocurrency market as a whole, so Korea will influence the market direction.

This is a good news for the world of crypto currency. is the goverment sees the crypto currency friendly for their economy and accepts it will benefit a lot of people. The investors will gain profit also new investors will engage in the market. it would also become easier to handle currency. also this will encourage more country to accept crypto currency.

That is really a very good news. This loosening of restrictions will help crypto to work more independently and act as per its requirements hopefully.

Actually this really great news from Korea based on this their initiatives are really good also they are thinking about many things based on crypto market because they understand the value of crypto currency and this will help them to develop their economy.

This is indeed a good news for the people in the crypto currency market. The more the countries participate, the better it is for the market. This means more and more investors will emerge in the market and this will generate in further investments. As a result the market may recover from the dip.

I really appreciate their move, South Korea is on the top for cryptocurrency allowance they are understanding the value of cryptocurrency market but hope they will completely remove the restrictions over cryto market relaxing is good as 1st move hopefully situation will be also relaxing in the future

South Korea's decisions are crucial to the future of crypto currencies.
I liked this news. G20 countries will now be more moderate  :)

I hope the good news will help the market to recover sooner. There are predictions that 2018 will increase. I look forward to it.

Well it was expected. Same as with other countriee that have the same stand as south korea before. They'll eventually realize that the positive effects of crypto anf blockchain will weigh more than the negative concerns which can be addressed through certain regulations

This is a good news for the world of crypto currency. on the G20 meeting established July as the deadline to take the first step on “unified regulations”. But due to the large series of assessments among government agencies, Uniform rules represent a major challenge.

This is a very good news. We all know that there is a very large group of crypto users in Korea. At present, the strict control of ICO in South Korea has led to the loss of some investors. I believe that they will come back as the policy becomes more open.

Everyday various good and positive news are being heard regarding the crypto currency. Recently in South Korea the development and growth of the crypto has increased enormously.

South Korea is always up and down. First they crash the market with some FUD around banning crypto, and now they loosen regulations. There is no way they can ban it due to high demand in their country, may as well try to benefit by collecting tax rather than forcing it underground

That's a good news. I'm glad to see the countries gradually opening up to cryptocurrency and people are actually acknowledging the importance of cryptocurrency.

crypto money will be officially accepted one day. This is a great invention for humanity. It's a good idea to make life easier and get rid of the costs for the projects. At least pay less for the costs. Most areas will be used and make life easier.I think the states will accept it officially in the near future.

Well it looks like South Korea still on top. I think one of the best countries for crypto projects. A lot of korean projects had success on market like ICON and other coins. I hope countries won't do anything to hurt crypto just because crypto is a competitor to the banking system.
As more working projects we will see in the future, it would be better for all of us. Crypto still need more legal, working companies built with ICO.

I think here will be stronger and stronger regulations on the whole word and there is not opportunities to relaxing it. It is very dangerous area and it should be regulated strongly.

I am also very closely following the ICO companies that are represented by Korea and they make me very happy. They are always good at attracting investors. Especially in the game theme. Well done, keep it up. I hope that this will help bitcoin and cryptocurrencies start to grow in price.

Well if they've decided to do that then it sounds really good to everyone in this cryptospace. We need softer regulations so that the fear in others can wear off a little bit for crypto to increase in adaptability.

The news regarding South Korea releasing its regulations at ease makes crypto currency world more happy and hopeful. The way South Korea understood the importance of Altcoin world's improvement and more involvement as well as a moderate regulation to make the market safe, makes all of us think the potential of Bitcoin world more strongly. Crypto currencies are making its place more Convenient and reliable.

That's a good news!! Even in India, governoment is coming up with a draft to regulate the Crypto trading. News is that they will levid 18% tax on crypto earning. The day will come when people will be dealing with crypto to make trade. Blockchain forever!!

It's good that countries are beginning to gradually enjoy the benefits of blockchain technology, while the truth is slow and not sure, but try!

I suppose it is very positive news for the whole crypto community, as it means more confidence in the blockchain, as well as more ICO projects and investment opportunities in the future  8)

South Korea's citizens participating in Cryptocurrencies has been well known in the Bitcoin world for such a long time now that it is almost impossible for the government to curtail nor even ban the development and the entrance of Bitcoin and cryptocurrency in their citizens affairs. And that is a good sign.

That is good news. Hopefully we can see more countries follow suit. These bans and strict regulations are not helping both governments and the crypto industry at all. 

Korea is a powerful force to be reckoned with when it comes to cryptocurrency. If this news is true that they will relax those strict rules against crypto then I expect the market to really bounce back. Lots of good news coming in from different circles

Governments can make things pretty nasty for people who want to convert from or to crypto, so I can only take this as positive news.

at this time there is another news that is not less good, India has allowed crypto trading for per to per. this is good, maybe because these two countries the market is starting to grow. I think a similar thing could be followed by a country that has banned crypto

korea is the largest market in Asia and even the world, and the participants of that country are very impact on global market conditions, hopefully with this news there is a good signal that can be arrested