Bitcoin Forum

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/ (https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/)

That really is a very good news. Many countries around the world are attaching great importance to cooperating with some altcoins in the Crypto market and accepting its appearance in their country. This is a sign that Cryptocurrency is a very potential market and it will grow strongly in the future.

That is why I am supporting blockchain technology since 2 years ago. Ups and downs I'm still standing strong about it

The world is gradually accepting bitcoin and crypto.  This is good news for the crypto market.  I hope in the future many countries will follow Korea.

woow it good news, hopefully with the joining of south korea will bring a better impact, and will advance the bitcoin, and also will make the bitcoin price back better...... :D

Here in the Philippines they started to study regulating bitcoin but with precautions, but still its a good news that they want to know more about it.

This is expected because of flaunting use of bitcoin in the whole world Korean governments needs to take a move to ensure that they are a 3rd world country too. I dunno if this is the effect why bitcoin price suddenly jump again.

I was waiting for the wall street to enter the market, when its happened the market cap will be tripled or even more.

As far as I know the Korean government recognizes cryptocurrency as the legitimate industry
In some cases, the Financial Services Commission and Financial Supervisory Services have admitted that the government does not want to regulate the money market because it fears domestic investors will understand that it is the way Legalization of the government's electronic money market.

However, after consecutive security and offensive incidents, the Korean government realized that it was time to regulate the market and disclose the plan to regulate the electronic money exchange platform as well as the bank. to protect investors and their property.

The introduction of new anti-money laundering rules aimed at the Korean government's electronic money exchange platform is seen as the first step by the authorities to regulate the country's electronic money market. properly.

In the coming months, local governments will work with both banks and exchanges to better structure the market.

I don't think that this is the reason why the price jumped up again, because in India there's so many FUDs that is going on right now. Their banks is totally anti crypto lmao

On the other hand Republic Bank of India stays strong on banning crypto currencies: https://www.ccn.com/local-crypto-exchanges-are-circumventing-indias-new-bitcoin-ban-heres-how/

You're right, Korean Government always have a positive insight about blockchain industry and bitcoin.

the news doesn't read positive to be honest!
it is talking about two things, investing in cryptocurrencies and the blockchain technology! the first one is just for taxation purposes because there has been a large volume (most of which has been fake) on Korean exchanges and the government wants his share. and the second one has nothing to do with bitcoin or even cryptocurrencies. it usually ends with the government creating their own centralized cryptocurrency!

a good news would have been if they adopted bitcoin as a "legal way of payment" so that they recognized bitcoin for what it really is, a currency.

This type of news used to trigger pumps on bitcoin back in the days . However , that quick jump to the top hurt bitcoin itself . I guess a slow and steady growth is more healthy for bitcoin . Cryptocurrency actually benefits the people of small countries , i hate it when country like India doesnt want cryptocurrency for their people . Its just sad to know that , i dont know what their reason for it i wont care anyway . So big YES for south korea for not banning Bitcoin / Cryptocurrency !

I'm still positive on that day when they accepts bitcoin as a legal way of payment

The people in India is having a trouble right now because of their central bank banning all cryptos. I really feel sad for them.

Given more than 70% of Indian work in informal economy, I would guess they would be more receptive.  

This is the best news I've seen lately. Maybe that's why the market has risen in recent days.

if the koreans already have a high knowledge in cryptocurrencies I think they are the ones that have more weight in the bitcoin community since they have bought a lot of them and it is good that the government is being more permissive when opening the market to its citizens no doubt this will have a good rebound in the prices of bitcoin and more dynamic adoption of the Asian market

I believe that Russia is on it too

with a positive signal from korea, I think this is what causes the BTC price to rise 10%
because users from korea have bought BTC, and they get permission to have BTC
I am happy to hear this news, and look forward to other countries to immediately legalize BTC

Maybe yes maybe not, there's still so much FUDs coming from India because their Central Banks banning crypto.

yeah i didn't mean to say it is bad news. i meant to say it is not that big a deal.
in any case for some countries adoption of bitcoin is like taking baby steps! they first start by talking about banning it then see they can't and there is more benefit in regulating it, then the regulations start and eventually after a couple of years they will have no choice but accept it as a currency.

Yes, South Korea is going to regulate the crypto currency and this is very good news. Especially it is good that in this country are going to adopt a regulatory act on the regulation of the ICO process. This type of activity has long been to be regulated by the states, since this activity attracts the attention of many scammers because of the possibility of collecting large amounts of money. This greatly undermines the popularity of the crypto currency.

Don't worry I really understand what's your point mate, I know that we are going through a lot before having a 100% adoption. And that adoption may have a bad news like taxation I think.

If more countries will regulate bitcoin and other crytocurrencies then Im sure more users will likely to use and experience on how to use blockchain technology because you cant control the future of digital coins and its coming no matter what.

I hope a lot of countries should follow South Korea. The Korean government is being more permissive when opening the market to its citizens. Hopefully, this will lead to more dynamic adoption of the Asian market.

In South Korea, the good news on bitcoin keeps coming. Their government really knows what is good for their citizens. Leaders of developing nations should take note.

Regulation is the key  ;)

Unlike India, they making the life of their citizen so miserable

I hope a lot of countries should follow South Korea. The Korean government is being more permissive when opening the market to its citizens. Hopefully, this will lead to more dynamic adoption of the Asian market.

This is going to nuke the bitcoins prices to the top as South Korea is a major player in the bitcoins market and any positive news will skyrocket the prices. Though I'm not a big fan for regulations but considering it's better than a ban I think this move will have major implications in the upward movement of the prices and I'm sure we shall see instant results.

The real nuke will be the Wall Street. I really hoping for it to happen  ;D

there are many countries around the world that are "on it" too. ever since last year that Japan adopted bitcoin as a currency and the price and the adoption of bitcoin grew a lot around the world or at least starting to, every country started thinking about their plans regarding bitcoin more seriously.
most of them don't want to fall behind the revolution. of course in most cases they are focusing on the blockchain technology itself but even that is good since it will educate people and they will see the power of bitcoin as the only decentralized currency of the whole world.

There is really nothing new here since this has been the stance of the South Korean government towards cryptocurrencies, the article talks about better understanding to equip the regulators with more technical know-how in order for them to do their job better.
If this was coming from the Indian government, it would have been worth celebrating.

When the lighting network runs we will see the huge impact on the market.

Indian government is far from it right now I think. But I really wish for them to adopt it for the sake of their citizens.

I think its a wise decision from the governments of South Korea that try to considerating the advantages of Bitcoin. Right now, despite the pros and cons that come along with bitcoin the number of country that want to accept and legalize bitcoin is increasing slowly, and i am happy to hear that. Let's hope that there will be more country that will accept bitcoin.

This country is an inspiration to me when it comes to the cryptocurrency business they are taking all the steps that it is need to encourage the market and even investors,this is what other countries are suppose to immediate not banning cryptocurency 

We just need to see the price going up, nothing more than that.
But i am more than glad in that South korea really likes and approves bitcoin on their country, those are more than good news to be honest, and it is good to hear this kind of stuff

Korea was the biggest place for cryptocurrency exchanges.
Its good what bitcoin now official there

South Korea really did great. It seems they are looking for the bright future and seeing the assurance of crypto success in the proper time. They can manage such crypto world of business and actually they are also transparent.

south korea commercial banks in south korea own nealy $2 billion in crypto like bitcoin and ethereum , south korea regulates bitcoin  and surely adopts main stream now in institutions and all over  soon  the people of south korea moving into technology and crypto world but whereas some countries still hard on bitcoin.

Wow great news for Bitcoin  :) It will more in fact to the current price, Now most of the government recheck their decision because blockchain technology is the future, All should move on to blockchain and most of the still late but Korea Government took the right decision

This is indeed a great news if Korea is moving towards acceptance of Bitcoins.Atleast Korea has accepted the power of Bitcoin,other countries should follow suit.Because it's a win win situation for both the economy of the country and Bitcoin too.

This news is big in fact for Bitcoin, Because according to market data sources, the South Korean Bitcoin exchange market processes over 14 percent of global Bitcoin trades, the third largest market behind the US and Japan, Finally South Korea get the right decision,

Good news indeed,we all know what we needed now in cryptocurrency is strictly regulation and hope other countries too will implement it...

We need this good news more often so BTC can recover.
Such a big blogs like everyone know, I think can manipulate the price just report a news and right away people from all around the world start to take it in consideration without thinking twice and begin panic buy or sell.

That is not what it was supposed to be.
A good project is just good not matter how and what

it seems that this heart becomes happy gan after fresh breeze that blew back. whether this news and. what is in the South Korean government's lagukan able to make the price of cryiptocurrency to be better than now .

not just great, South Korea is worthy of applying bitcoin transactions there, plus Korea has a good market in Automotive and Electronic, Bitcoin could be a means of transaction to buy goods such as automotive and electronics. If that happens, I support 100% of this step!

That's some good news. If South Korea decided to restrict Bitcoin then it would be disastrous. There are many investors in Asia which seem to understand the potential of Bitcoin and other cryptocurrencies. I don't understand why would they change their policy. People investing in cryptocurrencies and living in South Korea would be probably mad at the government because of the sudden change.

ahh, that's a good news...
Another right decision by the government of South Korea, I hope this news can make the huge impact on the crypto market. Also, I hope other countries will follow too...

Can't wait for the results of this decision, I hope it can make Bitcoin price back to $10000 again...  ;D

What South Korea did may have a huge influence to other countries. The government want to regulate it, then so be it as long as it is in favor to the investors or just a win win situation. It is a huge help in the crypto community in order for the bitcoin valie to rise again, not just bicoin but other coin as well. It serves as a good advertisement.

Opening my bitcoin account then reading thisthe kind of news is really motivating. This is just a proof that bitcoin is getting known all over the world. I think this must prove that the system is very trustworthy and should be tried. Other countries must accept bitcoin and agreed that this is a legit currency. One day will come that all the world will agree on bitcoin.

Being involved in this system always makes me so proud every time a country accepts it. Those country that accepts bitcoin proved that bitcoin is a trustworthy system. It's just so inspiringI every time I read news like this. I hope one day will come that bitcoin is being used all over the world wherein all countries and no exemption.

Very nice news again about bitcoin, I hope all countries will also do this in thier own, and because of this event in South Korea is definitely have a good effect especially on the price of bitcoin in the market.

Thanks for a good news that, "South Korea taking their move on regulating Bitcoin"
I am hopefully about it. According this step bitcoin will achieve a good position. I think that in future many country also will accept bitcoin.

If you can think and see about it bitcoin as a whole has been on a much more encouraging level in the Asian regions far kore than the west. Woth this countries such as Japan and now South Korea has really been taking an encouraged step towards i troducing blockchain and the whole of the cryptocurrency onward to integrating it to their country. With that I can really hope that regions and countries succh as this be the standard for the world in the next fee years

This has been posted weeks ago and this is not a new thing to celebrate,though this is a good news but this is too late to broadcast as press section has thwo thread regardin this,i dont know this people seems like not updated on what is happening to their community so sad to be with this kind of people

If there is any take out from this is the fact that times are changing and more countries are being receptive to the way they see crypto currency. The moment they are regulating bitcoin, it is by extension affecting the whole crypto industry. What matters now is to wait for how the regulation is going to run out because the article is just about what is to come and not what it is and that is what we should be focusing on now rather than rejoicing about what is yet to happen. Eventually, several countries would have to follow this path that is why I pity those who just decide to go the route of ban when they could have been the leading country in the technology of the future.

Wow great good news for us! It really is. The South Korea country is now also engaging in the Bitcoin community. I was hoping that more people and country that still don't recognized digital currencies will reach such news and try to notice it and legalize Bitcoin in their country so that they will come to realized how good the Bitcoin is.

South Korea is such an important BTC market. This is great news to see!

I am patiently waiting for that day to come  ;)

i heard that south korea has prohibited cryptocurrency exchanges from issuing new trading accounts before and if the news is trustworthy, the move is really favourable for the crypto currency market. I don't think they will reverse their decision completely. they may try to believe that it is not easy to ban all crypto related currencies and they have understood that crypto markets cannot stop or regulate by them.

Im glad that some country appreciate the potential of crypto.  That's why bitcoin grow day by day and its a great news in the market,  i look forward from it.  My prediction is more country will support blockchain instead of banning bitcoin!

i have  said it over and over again and let me still reiterate, the blockchain technology is one of its kind and can never be competed with by the local traditional banking system currently overtaking the native way banking system works. it will only take time for the world to know that. thanks

South Korea is one of the hottest countries with cryptocurrency.
this is a big GOOD news for bitcoin community and holders.
this will boost some price for sure.

That's amazing news to hear about South Korea accepted bitcoin, some countries now slowly accepted bitcoin in there respective country.And I think because of this happening hopefully some countries will follow South Korea..

I wish your country the best for the crypto industry!

Crypto assets gradually become an integral part of the investor's financial portfolio. We already see positive changes at the country level.

A nation of closet miners going legit ?

Soon pot will be legal world wide and we will all go to the moon.


Fake news? There is no such thing. Perhaps we are talking about "wrong receiver".  ;)

Someone is gonna dangle their chain soon.

A very private moment:

No Means No - Copenhagen 2013 - Part 2
https://www.youtube.com/watch?v=FnHslJO0dC0

Its a good decision that already take by the governments of South Korea. It can increased the number of country that start to legalize and acccepting bitcoin.

I hope my govt will also be like korean govt soon. Because in my country crypto is banned which is really annoying in this digital world. I'm just hoping crypto will be accepted soon in every country

That's really a great news

The domino effect are starting to get serious now. Countries are are now accepting cryptocurrency one by one. If this doesnt change those wo are already prohibited it, i dont know what else does. This is also an indication that cryptocurrency is not dead and continues to progress, the only question remains now is, who's next?

People from Asian countries embraced crypto more then all others. Their governments have to deal with this changes sooner then all others. It`s always a good news when some government is open for this changes and they are working how to make it more better and safe for their citizens to use it.
After so many speculations, good and bad news, fear and panic about what will South Korean government do with crypto we finnaly have a clear answer, they will embrace it like Japan did. Good news indeed, now we wait others to follow this example give by couple Asian countries already.

Its obvious that South Korea is not against bitcoin, maybe it just take them time to put up a solid regulations around crypto. And we all know how big South Korea (behind Japan) in terms of trading volumes, so I'm not surprise and this is a sigh of relief for South Korean crypto enthusiast. We may see a good rally, that started last week to continue and see the price go at least $10K when we approach Q4 of this year so continue to accumulate more bitcoin and get good profits at the end of the year.  ;D

As we all know,btc goes global.Yes,its a good news for all of us.Crypto market will be more profitable.

Well that is really a good news as we all know that South Korea is one of the develop country in asia and we could expect a rise of bitcoin market price if the people there will going to involve on cryptocurrency. So to people out there invest in bitcoin now while the market price is still good because it will be expected that there will be pump on it in the next few months.

I am glad that South Korea supports btc but it is not surprising as they like new trends and always follow the innovative tendencies all over the world. I think that this is a good sign, which means that soon btc spreads its influence

I think i have seen something like this post i just forgot where or what section was that,and as far as i remember it was weeks ago or maybe almost a week.and i do believe that there nothing to celebrate because this wasn't implemented.and were waiting to happen(hopefully sooner)south korea is one big country and if theirs government decides like what japan did,then the moon will be on us for sure,

There  has been many speculations concerning bitcoin lately, but this is great news, most Koreans are really interested in blockchain technology. Am hoping most governments around the world will widely understand and accept the use of bitcoin.

Sooner or later most of the countries all over the world will also do the same, bitcoin and those most known alts will be spread out and create their own identity as a another way for payment, a currency that can be used without the physical fiats or cards, the digital era will embrace the existence of crypto
and time will tell when but it's a great job for south Koreans to start their position.

By the middle of next year we should have a much better scenario the cryptos, good news coming from Asia. The interest of people for crypto in various Asian countries is great, and they really buy the assets, hopefully the West will also see the cryptos more seriously.

I'm expecting tons and tons of great news by the last quarter of 2018  ;D

South Korea is very strong in terms of cryptocurrency, I think many people liked their decision. I think that countries that will study bitcoin and promote it will have an advantage over the others.

This is the great news as of now, that South Korea regulate bitcoin, i think this is the beginnings by some other countries will decide also to accept bitcoin. It show only bitcoin is the famous currency and best for investment to the people, and the country appreciate bitcoin.

If this is the correct information, I think bitcoin is about to pumb in recent times

That's very good news, when the bitcoin in the dip is still something unexpected. South Korea will be the first step where other countries will allow bitcoin to circulate in their respective countries.

Pump? Hmmmm not yet, there's still some FUDs right now just like how India bans crypto.

South Korea has a very positive outlook about cryptocurrency. In fact, it one of the countries which fully support it. This is another milestone in their economy. I'm pretty sure that they will never regret adapting cryptocurrency in their country. South Korea will one of the richest cointries in the future because of this.

This is awesome to know that one more country is accepting bitcoin and cryptocurrencies legally. This recognition shows that bitcoin is getting powerful on earth. Cryptos will be the rulers of world's markets in the near future.

That is good to see major countries of the world taking a step forward in this regard and this has obviously bearing upon other countries as they set forward an example for all others. Acceptance by the countries brings with them legalization of the crypto market and better environment to deal in the crypto assets. Rules and regulations make the market more organized and the way it is operated. So of course the number of scams are reduced to a greater extent. And then you also have a watchdog agency to look after the safety of your investment and the market conduct.

P.S.: Let's hope such news bring some positive changes in the market.

Then Great!! We all know that Korea is one of the developed country as well, and this will help bitcoin to gain trust from Korean market as well as the world because of the Korean adaptation. We do hope that due to this acceptance of Korea other countries also will follow to make this investment back on track again. Thanks

It seems that South Korea has a great influence on the worlds attitude towards some specific things, an now, I hope this news will give a momentum to other countries to join them in a regulation process of Bitcoin.

As far as I know, the Korean government recognizes electronic money as a legitimate industry. In the coming months, local governments will work with both banks and trading floors to better structure the market.

Its really good news to bitcoin community it means that day by day there is country accepting bitcoin and ihope around the world bitcoin become legalized to used and stop banning bitcoin.

I  am happy to hear the news. I hope countries like India will follow as there is huge potential there that can invest in crypto.

Welcome South Korea. It’s a very very good news. It will bring a great change to the South Korean economy. And congratulation to be with BTC.

this is great news in this hard period,i am very happy when I hear that,the crypto market need more good informartion to support for market

If many countries agree with bitcoin and many other cryptocurrency. make sure that there are a lot of users to use after all and use experience on how to use a blockchain technology because you can not order a future of digital coins and whatever comes with it.

Wow. This is another good news about Bitcoin, so soon it will be approved in the country and all the people in South Korea will be very happy. This is also the great advantages for the Bitcoin price to increase! Like what others keep on saying, this is a very good thing for the Market. The more Market supporters the higher its coin value.

This is amazing to hear that for because South Korean is one the developed countries and for them also to buy into the idea of accepting cryptocurrency would help get rid of all weird perceptions that most nations have about legalizing bitcoin as a mode of payment.

with this news may slightly affect the current market conditions, because we know if korea is one of the countries that use bitcoin with large amounts. maybe other countries can imitate korea to continue using bitcoin and set bitcoin.

Good news.
What do you think.. why price fall again? I understand, news = good, price = drop. Strange? :o

hopefully with south korea other countries can follow. because bitcoin is the best answer for the future.

I hope this type of news will become a big contribution for the fuel of the rocket of bitcoin so we will reach the full tank of our rocket and we can now at least go up again and move to the moon and celebrate there because we all know that we are now suffering from the downtrends that we faced for the last few months and we only want one thing, and that is going to the moon.

The main focus of South Korea who regulates the utilize of crypto currency is blockchain. They want to implement blockcahin technology in each of their payment systems so as to create a transparent payment process. I think this is a good move for a country that is willing to risk taking and accept crypto currency. I hope another countries can adhere what South Korea do.

Bitcoin will also get good affect of this new regulations by south korean government, indirectly. There also some other countries that embrace blockchain technology before, this technology is becoming more popular as more countries find benefits from bitcoin.

This kind of news will probably influenced many other countries. As we all know Korea is a country that is rising as of today. Korea has seen the huge potential of bitcoin that's why. This step will benefit both the users im Korea as well as the government of the said country. Hoping for other countries to accept bitcoin too.

will see how it will influence on the market
lasts month even news like this didn't give a changes))

regulation would mean the free entry of large amounts of money from various funds. so this is good news

Regulations are always welcome. Every country has its own priorities and culture of doing business. Unless and until it hurts the decentralization model, regulations are must to keep investors protect program.

n fact,I believe that it is better to regulate cryptocurrencies.After all, big smart money will not come here without regulation.Of course the course is now react not for the better to such news,but in the future I think everything will change

This is a good stepping stone for the better future of South Korea. I mean, bitcoin has a lot of usage and it is beneficial for easier payment methods.

Gradually we are getting there, the whole world will come to the terms that blockchain and bitcoin is the way forward. Blockchain is a movement it is an era an there is no stopping it,  you can only but accept it.

Japan and South Korea are always making the right calls when it comes to cryptocurrencies .The recent move by the Korean government classifying exchanges as 'regulated banks' is a welcome idea

like this we have to respond positively and give appreciation. I really agree with the regulation even more to overshadow project ico project. this should be followed for all countries that legalize crypto so every ico must pass laden and has been tested.

this is good news, where south korea has taught other countries to introduce the world of crypto, a good start also for bitcoin, since it has been accepted in South korea country which we have known with developed countries with their sophistication all over the world, all land countries in the world will follow in the footsteps of south korea by receiving bitcoin in their respective countries. ;D

we need to provide support for the achievements that have occurred so that bitcoin and cypto will get more important things so that people around the world can glance and respond positively with the technology blockchain.

More countries now are accepting bitcoin, if another countries accept bitcoin too, i think bitcoin will become the main currency in the world. But this thing is quite possible to happen, as what we can see now, the majority of the countries are not accepting bitcoin, because they only see bad side of bitcoin, if they see the good side of bitcoin like south korea did, i believe that the countries economies will be better. And a lot of opportunity will come.

Little by little, some counter states and banning the existence of bitcoin will rethink and legalize bitcoin in the country. Cryptocurrency is a good growth market. This is a positive news that should be countries that prohibit bitcoin to know. And I give appreciation to south korea which has legalized bitcoin in its country.

This is a very interesting news. With this move by the South Koreans, it is hoped that other countries in the world will do the same. This will definitely contribute to the stability and acceptability of Bitcoin by the masses.

I think slow and stable growth is healthier for bitcoin. Cryptocurrency actually benefits people from small countries, I hate when a country like India does not want cryptocurrency for their community. Just sad to know that, I do not know what their reason for that I do not care anyway. and great for south korea as it does not prohibit Bitcoin. so kind of news like this is used to trigger pumps on bitcoin back in those days. However, a quick jump to the top is detrimental to the bitcoin itself.

Another country who already regulating bitcoin and I think this massive adoption of cryptocurrency will have in their economy. Furthermore, this news will help bitcoin community to spreads all good news and benefits on bitcoin and cryptocurrency. Lastly, I hope little by little many country will also regulate bitcoin,.

My belief is that every country will spread to bitcoin in every country. Just as South Korea has reached Bitcoin today. Bitcoin will spread all over the country. Now bitcoin has reached many countries. Bitcoin really good coins.

Even though Bitcoin has recently had a lot of good news, Bitcoin's prices have not gone up. I feel we have waited too long; prices may not rise at the end of the year as analysts predict. 2018 is a difficult year for the cryptocurrency market

Thats great news and I was even planning to go to South Korea next year, I giess its time for me to save up and hopefully I could use some of my altcoins when I get there. And hopefully more Asian countries do adapt and accept cryptocurrencies in the near future.

I hope a lot of countries should follow South Korea. The Korean government is being more permissive when opening the market to its citizens. Hopefully, this will lead to more dynamic adoption of the Asian market.

As expected from South Korea, South Korea did will, their decision gives hope not just in their country but also it gives lesson and message to any country who opposed that bitcoin is scam. Hopefully those countries having doubt about bitcoin made up their mind that soon bitcoin will help countries economically ,and never jump into wrong conclusions.

The positive attitude toward bitcoin is shown by south korea and other countries who is regulating bitcoin, it has the potential to reduce time and efforts upto large extent. Very helpful in foreign transaction via bank also.

Great news. Hopefully, this will not be only up to news. They should do more research and test applications of the blockchain technology to realize how far it can take us from here, to discover more potential in improving the economy and every industry where it can be implemented.

Wow, this is a great news, bitcoin has really become famous around the world. I hope in the next more years, it will be all country accept bitcoin. Bitcoin has a bright future ahead, and it will be globally accepted.

Great news ! It will be a very good positive news for all the people who work in this crypto field and will be a great step towards the new crypto economy. Hopeefully all the countries will move to this. Thanks for sharing the news ! Good luck

Slowly bitcoin will be globally accepted, now Korea in on bitcoin is its single step for global acceptance. Bitcoin has a bright future ahead. Great news indeed!.

That is some good news for us bitcoin users. The world finally seems to notice how wonderful bitcoin is. As soon as the whole qorld starts to accept bitcoin then everything will become a little easy for us. I do hope sooner or later more and more countries accept bitcoin as well. Another big step bitcoin take closer to its goal.

wow.Great News for us.We know that bitcoins price low now.If South Korea On Bitcoin then it will efforts on bitcoin price.so we can hope now that bitcoin price will be high soon.bitcoin will moon soon

I only do not understand why these positive news are not reflected in the growth of the coin? perhaps because these news are not true. Either already incorporated in the growth

I really like southern Korea! it is very active and evolving in the crypt world! I think that Korea has great success in regulating and legalizing the entire crypto system! a lot of countries are looking at the southern Korea, on its actions against the crypto world!

I see this development as a good approach to cryptocurrency regulation. This will allow cryptocurrency to function while some light regulations are put in place. I look forward to seeing cryptocurrency dominate in the nearest future.

wow this good news from korea might be one of the bullish factors we had this month. i hope this kind of movements will come to nearby countries.

It's great for south korea because it does not prohibit Bitcoin. However, a leap to the head is detrimental to the bitcoin itself. It is hoped that countries with doubts about bitcoin have decided that early bitcoins will help economic countries, and never jump into the wrong conclusions.

the big country like the south korea and the japan is always lead in the techonology should accept bitcoin, as we know maybe in the next year or soon bitcoin can used in that country, the South Korea and Japan. we hope that other country will follow that country to accept bitcoin

That is the good news that south korea are now accepting bitcoin so i'm hopefully that the remaining country are not accepting bitcoin are willing to follow the footstep of south korea it could help the price of bitcoin to increase.

As expected from Korea, their decision to bring hope not only to their country but to give lessons and messages to any country against bitcoin is a scam.

It is hoped that countries with doubts about bitcoin have decided that early bitcoins will help economic countries, and never jump into the wrong conclusions. Hopefully, this will not just come to the news.

I think that in previous few days we have examined a very good progress in bitcoin price. I think if such good news will continue to come i am hopeful that very soon we will see a very good increase in bitcoin price and even it is expected that bitcoin price will again reach to its previous high price. So we need to wait a little more and we will surely see the bitcoin price trading above 20000$.

This news will have affect in the the price of bitcoin and this is a very good news because another country already accept bitcoin. In addition, I hope the massive adoption of bitcoin in many countries will continue to grown up and I hope because of regulating of bitcoin in South Korea the world will notice the use of bitcoin.

If their government start to regulate cryptucurrency in their country, it means they are allowed and legalized cryptocurrency as a legit asset or currency.
This can attract many investors in south korea to start buying cryptocurrency for their investment, and creating more demands in crypto.

This is really good news to cryptocurrency especially bitcoin because this will help promote bitcoin market price to grow as the demand for it will grow. As the south korea will going to acknowlede and even use their banks to get in touch with cryptocurrency this will get a change of demand for cryptocurrency as it will also encourage south koreans to join and get involve in cryptocurrency.

Bitcoin is a part of life ;D ;D. Bitcoin is becoming more and more popular around the world. That is a positive message for those who are intending to invest in cryptocurrency

This is very good, I hope that they will promote this idea and bitcoin will only grow and grow. I'm very happy that I read this news

This is great to know.Bitcoin will have a big pump this year.Hold your horses were coming near to the huge wave of rising.
Strong hold !!!!

it's really amazing news for crypto lovers, I think this kind of news very helpful for market. now market are looks good. I hope day bay day every county will accept bitcoin.

It's really great and big news for us. The countries of the world are slowly accepting Bitcoin and are taking it as part of their economic activity. For example, it was reported a few days ago that BMW was accepting Bitcoin's payment, which is definitely a big news. Maybe in the future we will see that the government activity is going on between two countries, that is, one country is giving another country some Bitcoin as a loan payment.

I don't think that any government can successfully eradicate crytpos from their financial system. We all are witnessing a gradual shift to cryptos primarily as an investment medium as for now. Millennial constitute the major group who are enthusiastically investing in cryptos. Thus, it isn't ideal to ban crytpos. It is best for the government and the citizens to regulate crytpos to control the possible scams as well as government can tax earnings too. Therefore, step by the South Korea government is a necessary and a welcome step.

honestly I am happy to read and follow this news. south korea understand the potential of cryptocurrency and blockchain technology in the future. hopefully can follow other countries in asia. need to be in appreciation. thanks .

very good if south korea joins the crypto currency, the investors will increase from korea country. this will be very good news that bitcoin prices will rise again as more countries receive bitcoin.

Nations that want to ban bitcoins to their citizens apply a monetary tyranny push and deny the nation itself of being able to develop in keeping with the times.

I guess, acceptance of cryptocurrencies by an influential player, which South Korea seems to be, is a huge step towards the global financial freedom. Way to go!

If governments start with the regulations, I think it'll help crypto to be in good shape as people's attention to crypto will increase and also they won't be afraid to be in it.

That is really good news, blockchain technology is really taking over the world as more countries will soon appreciate the good news.

a good step-up for the south korea government. this will make it easier for South Korean people to exchange with crypto. hopefully other countries can follow the attitude and action of the south korea country.

Very interesting to hear when government are accepting blockchain technology and its use in their countries. This will indeed help to broaden the way people perceive bitcoin as a cryptocurrency. I totally agree that crypto should be quite regulated in some way and this is what the government is up to.

The recent fluctuation on Bitcoin price was due to the statement that continued the positive approach to the cryptocurrency industry by South Korea. 
The reason behind the adoption of Bitcoin in South Korea is for the popularity of cryptocurrencies is prevailing economic conditions in the country. The South Korean economy suffers from a youth unemployment.

Good news about bitcoin always clears some level of thoughts in the minds of confused crypto investors and the general public. This news will help bitcoin and cryptocurrency take a different turn in the world financial system.

South Korea really great at technology , they will lead this revolution for sure. In 2019 or 2020 we will see huge prices in bitcoin i think.

Two days before I also heard the news that Brazil 🇧🇷 is in bitcoin and then the South Korea and it is very good to listen this news that now more and more countries are now getting into bitcoin and these are the countries who has understood well the real potential of bitcoin and knows the real fate of bitcoin and we all know that bitcoin is a sustainable crypto currency and it has even proved its existence so I think the time will come when all the countries will accept and legalise the bitcoin globally.

This IS a real exciting news. It made my day. The more positive global steps there are towards the crypto, the more progress we should expect. Thanks for sharing!

The South Korea country is now also engaging in the Bitcoin community. That's why bitcoin grow day by day and its a great news in the market,  i look forward from it. This is great news to see!

Yes, and hoping more big investors will invest from south korea, if more whales will come then there will be assurance of increasing again on bitcoin's price in the coming months.

Actions thus far indicate an interest in encouraging blockchain technology and the growth of crypto, but not at the expense of safety and security. This is a sign that cryptocurrency is a very potential market and it will grow strongly in the future.

Congrats to South Korea and all of us here!! Way to go, guys!! I'll pray for you!  8)

Really?  I think that this is great news but I don't think that it is possible to benefit much from this.  to my mind, it is great news because it means that more and more governments accept btc

 This is a good and great news to crypto world of investors, the growing acceptance by Korean on crypto would make more investment by its citizen, i am optimistic that open country on digital crypto transaction will open up more in the near future.

Oh thanks it's nice really great news for the cryptocurrency this good news are sign that crypto is have big chance become number one currency in the world and i strongly others country follow the ideas south korea.

very good news, maybe a few more steps bitcoin will be admitted to the world and we all want it, and I believe someday

That is great,  good new to all investors and btc user. We are now getting excited that someday more countries will officially take the legality of bitcoin.

Wow what's a good new is!!! It has a great impact on bitcoin trading and mining actually currency markets caps.

The tide is turning now and we can see a major positive shift towards crypto and bitcoin. As soon as South Korea steps in legally we can expect a huge pump at the exchanges, can't wait for legislation to be passed there

That's really very good news. Many countries around the world are very concerned to work with some altcoin in the Crypto market and accept its appearance in their country. This is a sign that Cryptocurrency is a very potential market and will grow strongly in the future. The world gradually accepts bitcoin and crypto. This is good news for the crypto market. I hope in the future many countries will follow Korea.

If South Korea can have a second thought towards accepting people to freely or use bitcoin Under regulations,  it therefore means majority of the countries across the world will soon adopt Bitcoin. This news worth celebrating.

It is a good news to hear for the crypto world. Another country accepts bitcoin and now the people in South Korea are allowed to invest in bitcoin. Bitcoin will grow more because of this. I hope all country allow bitcoin.

South Korea was against bitcoine for a long time. But this news is really good new. Editing was necessary. The far east countries were out of this market and we missed enough. With the arrangements to be made, I think the market will get a little better.

Governments in some places still do not accept bitcoin and it makes bitcoin prices unlikely to peak

Hope now market will rise and overcome my losses. Hope indian RBI also think about regulating it and open ban from bank accounts of exchanges.

I hope, after this will soon appear positive things or positive news about bitcoin and altcoin. So, more and more people are interested in bitcoin and altcoin. And finally, more and more national leaders are legalizing bitcoin and altcoin

Excellent news. South Korea is a very progressive country and has a positive attitude towards cryptocurrencies. I think it can have a cryptocurrencie market and a Bitcoin price.

This a great news despite what they told about regulations, yet there seems to be a good affirming behavior towards cryptocurrencies. This is what other countries maybe loooking at as a sort of reference, which when successful be a good source for future and greater usage of bitcoin. I do hope so, since I am a supporter of bitcoin.

Everyone will see how useful bitcoin and how keenulan in everything so that people will feel in hepnotis with the advantages possessed bitcoin so there is new news that Korea will soon follow bitcoin simultaneously in because bitcoin seen there is an increase every day.

Yes this is really a good news and I am sure more and more people will be interested to invest in bitcoin, I just hope that more and more people will going to join and support bitcoin.

Amazing!  This is really a good news for me. If some country closes their door there are some country that open a good opportunity for a new technology.

Yes, you're right mate. If it is accepted in other countries  just to be controlled by their governments, it seems bitcoin does not serve its purpose. All transactions will be revealed by the government just to earn taxes from it. But if their governments will open businesses that would accept bitcoin as a way or mode of payment maybe it would be of great help to improve bitcoin and increases its demands in the market.

That would be good news in the world of cryptocurrency in the future, and I hope other countries can follow in korean footsteps to advance their country especially in cryptocurrency.

This is good news, I think this is just a matter of time blockchain technology can be applied in different countries.
the question is which country will apply and provide clear regulation, and if it works I'm sure will make a big impact on the development of bitcoin and the world of cryptocurrency.
and south korea is one of the most open countries for technological problems.

South Korea is bullish on bitcoin it is a positive move for cryptocurrency industry but we should understand how the market is moving to gain the south Korea positive news in coming days we can expect pump

The support of developing countries on such system of currency would lead to a better development in terms of system of transaction on different field in business and investment. So It is a great move by south Korea to somehow look at the future ahead that bitcoin could give to people by continuing our support to the market in investments and trading.

Blockchain technology will never be ignored by the masses because of its innovation and high technology. Countries now are starting to develop cryptocurrency as their own to have benefits on their community.

Even if the news is true, I won't be too excited about it. The South Korean government is full of lunatics. They make abrupt u-turns with their policy every now and then, just like they did in January 2018.

this is good news for the development of blockchain technology especially in the field of digital currency. if korea really apply the technology, it will have good effect for the development of digital currency and make user of digital currency will increasingly. so that the era of digital commerce will be more excited.

That is a good news South Korea will using bitcoin the bitcoin is popular all over the world it has a good effect to the market for developing the digital currency and alternative money.

It is a good news to hear for all of us that South Korea are now using bitcoin. Many people from South Korea wants to invest in bitcoin and now they are allowed to invest. Bitcoin is now succeeding I can't wait for the price to rise up because of this consecutive good news.

With Korea, electronic money is always leading, so in this country we can spend BTC legally for the purchase of goods and services.

This in my opinion is not just good news but great and welcoming news as the South Korean nation will now champion the cause of making sure that the security and proper monitoring of events on the cryptocurrency world is monitored and checked, and not necessarily centralised. It is good to have all these in place.

very good news, maybe a few more steps bitcoin will be admitted to the world and we all want it, and I believe someday

Hi...
Yes, it is very good  news..Now the bitcoin may increase.

Really good news indeed. South koreans have a passion for new technologies. If they start using BTC more often - it will be the first step to worldwide adoption. And I mean real adoption, not just couple of stores for cryptonerds.

Indeed, if it's legit it is a good news for the market, and I agree that South Koreans have passion when it comes to technologies. And also they are well-known, if they'll use Bitcoin and prove that it's safe than any other investment, other countries will adopt it too, which will lead to mass adoption of Bitcoin.

On the article they said:

"It’s almost certain that cryptocurrencies will be classified as assets and the main issue will be centered on how to regulate them properly under the unified frame that will be agreed upon between G-20 nations. Given the current stance, this isn’t good, but we will step up efforts to improve things."

After i read this, i understand and believed that the cryptocurrency is coming strong and all the nations will accept it, there are no more choice for who haven't accept crypto yet.

Very interesting article. I think that between this news and the news that the Samsung is going to support crypto and blockchain payment, there is a certain connection. This is because South Korea is serious about looking at crypto-currencies and blockchain technologies.

i hope from the south korea give the good project !!
success for hunter !

Long back itself south Korea is contributing big to the growth of bitcoin. This has been one among the Asian country that has been providing good support to the growth of cryptocurrency. Even now through bithumb, largest exchange of South Korea almost each and every activity is taking place in a regulated manner. Now the news from South Korea makes it much more easy accessible to the public.

What a great news! I'm always thrilled when there's any progress in bitcoin development. Let's hope it helps other people trust crypto and better understand all its advantages.

South korea is one my favorite country because they accepted bitcoin and first of all they supported. I hope more country will accepted bitcoin and become legal to use to different countries. More countries legalize bitcoin to pump the value becaude the citizens of each country will invest for sure.

Korea is engaging in different kinds of technology like IOT(internet of things), Virtual and now in cryptocurrency. Even though I'm not Korean I think Korea is 2nd place in engaging to this kind of technology just like Japan. I hope it'll bear good fruit.

Good to know South Korea is to support Bitcoin. They are a very technology-oriented country, so, despite all skeptical opinions, I believe this will improve the standing of bitcoin and have an overall positive effect on the ecosystem.
Thanks for sharing!

Good to hear that bitcoin is accepted in South Korea. I hope that all country will accept bitcoin and I hope that they don't ban bitcoin. The economy of South Korea will rise because they accept bitcoin and the people from South Korea will allow to invest in bitcoin.

A really positive sign. I'm almost sure that South Korea is capable of making the difference, so I look forward to seeing more stories like that. Have a perfect day, everyone! ;)

Another hopes we are waiting for if someone says it is dead it comes up into alive in other groups of people who's wanting  to know bitcoin currency  let us remain our faith and understand the circumstances of  volatile  price.

Wow this is indeed a great news for all bitcoin and cryptocurrency investor,  what i not still sure is if the acceptance for bitcoin by south-korea is the reason for burning price, because we all know how it look like when new country accept currency.

Well, Bitcoin will be more popular these days because of this news and updates. I believe that bitcoin will be accepted by many other countries by 2018 and 2019. Bitcoin will increase its demand and price because of this. Many investors will come and it is a great opportunity for them and us also

Let's hope all countries start following South Korea and start regulating the use of Bitcoin and other cryptocurrencies, this will have a good impact on the market and make people trust cryptocurrencies and start using it whithout fearing to be doing something against their countrie's regulations.

If Koreans already have high knowledge in cryptocurrency I think they are trying to make a profit through this technology, but not sacrificing safety and security. people who have more money in bitcoin communities because they have bought many of them and it is good that the government is more permissive when opening up markets for its citizens no doubt this will have a rebound both in bitcoin prices and the more dynamic adoption of the Asian market.

Yeah, it is undeniable that someday the government will need the help of crypto and blockchain in conducting their state transactions. Government if they want to be honest they can not lie if crypto currency technology is reliable and great. As well as the South Korean government, I am sure if the support and interest of the South Korean government will bring good effect for the development of crypto currency in the country. I am sure that if the state government is ready for prevention and protection from negative transactions of crypto currency and can do tracking even if it is limited to the country then crypto currency will change the economy of the people of the country quickly.

Although Korea is a country accept Bitcoin. But I do not recommend investing in Korean ICO projects. The adoption of Bitcoin made many companies want to create ICO projects to make a profit. And their projects are often without potential

korea is a crypto frndly country and regulation for bitcoin in korea is really good news and important for bitcoin too.

I am very appreciative to South Korea who is open and aware of the benefits of bitcoin. I believe that if South Korea is wise in facing this technological advance then more South Koreans will prosper as their economic situation changes better through crypto currency. I just hope that more countries like South Korea are receiving bitcoin presence because sooner or later, whether or not they will soon be penetrated by bitcoin and blockchain technology. Hopefully more countries that legalize bitcoin so that the market can be more active and stable. Of course they can legalize by not out of hand, meaning that the government can still do the prevention of bitcoin criminality with the state system.

This is indeed a great news, this is d kind of news I like to be hearing and am very sure with time more country will join and will make bitcoin boom

This is an amazing news. As soon, as first country will apply a regulation on bitcoin, we will see how another governments would do the same

South Korea is one of the countries which has great influence on the growth of cryptocurrency value, especially bitcoin. Her citizen's enthusiasm level towards cryptocurrency is really very high. I think it's this news which makes bitcoin value experienced increase for almost three this week.

I want to see the reaction or opinion of Korean people about this news and hopefully more countries will follow the South Korea adoption about Bitcoin, if these news keeps up then we will see an increase of demand in Bitcoin in the few years.

Little by little, bitcoin will take over and to me is more than good news. I always say that our generation is fortuned to have such a revolutionized platform or technology known as the blockchain. With that bitcoin will continually grow bigger and bigger. I think korea is on good course.

What a great night! I just read about Thailand legalizing crypto, and -- bam! -- South Korea has started taking care of the crypto! The world seems to be gradually facing up to the fact that cryptocurrency is a matter that can no longer be ignored ;)

These news are really good in the btc ecosystem and thats what we all hoping for. The Asians are now diving deep into the crypto world and that is a great idea.

South Korea is a country which is open to new innovations which is one of the major reasons for them to make this kind of development in their country. I hope the positive approach towards btc and crypto will go more into adoption and will spread to the other countries as well.

Korea is one of the developed country which I think adopted bitcoin successfully. Although there's some news about their problem handling over digital currency, but it doesn't mean to stop their plans. This brought them positive results and people really are convenient in using bitcoin for their daily living, and really improves their lives as well as asset to earn good profit.

Very great news to hear after so many fud before like bithumb hacked and something like that
I hope the goverment not release something fud again

It good to know any possible sides study if they have a flipside in transaction before implementing or to regulate. Its good to south koreans to accept bicoin to develop thier transaction to make easier and lighter life.  I hope some country will considired the benifits of allowing bitcoin.

I always like South Korea in their approach to cryptocurrency regulations. Unlike some governments who are quick to ban bitcoins

I am very impressed with the government of South Korea. Sometimes ago, they announced banning cryptocurrency. With this u-turn in decision and also now encouraging the technology, I think it is very nice for cryptos.

South Korea is quite proactive towards bitcoin and blockchain technology. Regulation will help exchanges keep the safety of their customers' funds on top of their proiorities.

This is a great news for all Bitcoin investors, this move Korean will be a welcome to all the crypto investors, the will feel safe investing on Bitcoin, i am optimistic that more will follow on Welcoming Bitcoin transaction in their respected country. Slowly they are easing out the tension on Bitcoin Investment.

Cryptocurrency and blockchain technology is on the rise now. I like the approach South Korea is taken to regulate the use of bitcoin, am sure very soon many countries shall support bitcoin and all other Cryptos.

I know South Korea will never oppose bitcoin and altcoins whatever happen. They are the top traders in this market so it would be a huge loss to our community if they will leave. South Koreans always like to be in the trend so they won't let this opportunity to be squandered just like that.

With time, bitcoin will grow and become popular among the people, maybe now South Korea supports crypto currency but I'm confident in the future there will be more countries supporting this crypto currency because of its better potential

Wellll weelll welll

Will it is a big sign of success that one ot the restpectful country is Korea accepting bitcoin will be legitimazed in there country.I think it is a big oppurtunity for all the members who created this programs and this coming few years many countries will be like in Korea.So let us make our bitcoin works will be beautiful everyday.

It's a Good news than. Thanks for the information.

very good news! South Korea is constantly in front of all countries! Now a lot of countries are watching Korea develop in the whole crypto market! I think very many countries will follow South Korea and will legalize crypto currency in their countries!

will see how it will influence on the market
lasts month even news like this didn't give a changes))

this is why we must still trust in bitcoin!! Look, every day the number of countries and companies that use bitcoin continues to grow. bitcoin will soon govern the world

Well this is after releasing regulations in icos and i think other countries banning cryto should look into regulating rather than an actual ban. The positive effects of crypto in the long run would definitely benefit any nation given the proper rules and regulations.

Some countries encourage some to bans the bitcoin's performance really disturbed when making investment decisions.

Another great news for bitcoin,more and more countries are regulating the legality of bitcoin,hope this great news will encourage more investors.

Woww..at long last South Korea is going back on its strict decisions. I am glad they have now opened their eyes to the huge potential such a powerful country like themselves can gain from the investment and activities of the blockchain technology and cyrptocurrencies.

That's great news, many country have now accept bitcoin, sad thing some country banned bitcoin, hopefully they unbanned bitcoin like china so bitcoin will rise again, but we need to believe in bitcoin and their function.

I agree, countries that are banned from bitcoin and crypto certainly have to think again because the benefits of bitcoin outweigh the risks, as long as there are clear rules then bitcoin can certainly be beneficial for everyone.

Achievement for bitcoin as South Korea recognized bitcoin as asset.

Hoping that other country will follow. Germany had recognized bitcoin as legal tender. I just don't understand why other countries ban bitcoin.

A good news for many people in BTC not only for Koreans. Seems that the Korean Government look at to the benefits gained by their people to the bitcoin rather than to the risks   or negative effect it has since it has a clear rules about it. Sadly to those countries who banned it. It seen as they lost some opportunities for their developement.Hoping that they would change their decision after on what happens in Korea. Hi China :)

South Korea is Asia's strongest economy and even the world, of course this is good news, hopefully having an impact for the long term and becoming the beginning of the increase in bitcoin prices, and at the end of the year it can reach at least $ 25k.

If those are true, excuse me please for doubting in that, it is just because there are so many fake news around today. Then it is a great news for all of us bitcoin holders but it is amazing for me that the price is not getting up after those news.

This is what the crypto market needs, in particular bitcoin.If Korea regulate bitcoin will be obvious that the rise of the price of up to $ 25,000 .And for Korea will go and other strange, still waiting for the East !

It is a great news and Really appreciate the government of Korea for taking this wise decision and also hoping that government of other country will understand this as soon as possible.

Good news !!! , I think this is just a matter of time blockchain technology can be applied in different countries. The question is which country will apply and provide clear regulation, and if it works I'm sure will make a big impact on the development of bitcoin and the world of cryptocurrency. And south korea is one of the most open countries for technological problems.

I am pleased with any news that some company started using bitcoin, or that the government of any country accepts cryptocurrency. That's cool.

A very good news that any bitcoiner could get that the bitcoin has been started legalising and accepting in the different parts of the world and not only South Korea 🇰🇷, there are other nations too like Florida, japan 🇯🇵, Brazil 🇧🇷 who has legalised the transaction of bitcoin in their nation and not only countries, the big companies like BMW has also started accepting bitcoin, I think the only thing that everyone is waiting for the legalised of bitcoin globally and becoming bitcoin the central currency world wide.

this is very good news! I really like South Korea, it constantly gives way - crypto market. A lot of countries are looking at its solution in this direction, so this news will spread very quickly all over the world.

even  this news is good the value of bitcoin will not go to the moon until the whales will do it but i think this is a good news for all people to know all about bitcoin and to know that bitcoin is not a scam type this is like a fraud because of the manipulation of all whales but this is good way to send and get money too fast thsi is very usable in the future i think.

Nice it will gonna spread around the world

Sooner or later, blockchain will become an integral part of our everyday life, like computers or mobile phones.

very good info, after people see this news I am sure some big investors will buy bitcoin and have an impact on the current price

The main focus of South Korea who regulates the utilize of crypto currency is blockchain. They want to implement blockcahin technology in each of their payment systems so as to create a transparent payment process. I think this is a good move for a country that is willing to risk taking and accept crypto currency. I hope another countries can adhere what South Korea do.

The cryptocurrency world is moving to a new paradigm and I think the Asian countries are taking us there. They have really understood the blockchain technology and now they are moving higher with it. This is really a good news indeed.

I think this news in one way or the other help the BTC ecosystem. The Asians are really proving that they know what they are doing and in no time most countries will just start following their footsteps.  

I don't know why many government are not accept bitcoin it's now digital currency.
If this news is true that is a good news and I hope bitcoin price is growing up

This is a good news to the ecosystem and I think there is more to come from their government and also Asia as a whole. They are embracing the BTC idea and it will really help them some days to come.

Yeah that's a good news I hope now bitcoin price rise again if all  government  accept bitcoin then bitcoin growing too quickly

A leap to the head is detrimental to the bitcoin itself. It is hoped that countries with doubts about bitcoin have decided that early bitcoins will help economic countries, and never jump into the wrong conclusions.

In South Korea blockchain technology has long been used in the corporate sector, which allows optimize many processes in business activity. The gap between the advanced countries and technologically backward in the future will increase more and more.

Another very good news in the world of cryptocurrencies. I never thought that South Korea will have a good relationship with bitcoin again because they are already banning cryptomarkets from trading cryptos before. That's really a good display of interests that another country should do too.

South Korea can be an example for other countries in taking action to be able to regulate bitcoin in their countries... And hopefully in the future, not only South Korea can manage bitcoin but other countries can... This is the beginning of nice..

Korea is a country of great influence with bitcoin. Acceptance of Korean bitcoin will positively impact on the cryptorurrent market

Very Nice to hear for every news i read here in forum that many countries accepting bitcoin as in all countries will know about bitcoin and they will accept it soon as lowly but surely accepted.

One of the most influential countries in asia  positive towards bitcoin is south korea and they are positive towards bitcoin growth south korea crypto guidelines most of the country follow

This is very good news. I hope now Bitcoin market rise again .
If many country accept Bitcoin and government have no issue about Bitcoin then Bitcoin become no 1 digital currency

This is good news in people of South Korea days now join the world if crypto.And all good news off all of us because  other  country join Bitcoin. Hoping that the price of bitcoin raise again.

Yes bitcoin now was taking its own popularity and i`m sure that it will existed many many years,look at it now he got achievement like many country was accepted it for many reasons and purposes.

Japan and South Korea are two Asian models in cryptocurrency acceptance and we will see many more Asians coming in to accept Cryptocurrency in their monetary system, the only missing piece is China, once it become liberal in accepting Cryptocurrency, we could see Asian as the haven of cryptocurrency.

Korea is a country that soon sees the benefits of Bitcoin, which is good for both the Bitcoin market and the crypto market, and other countries will soon support Bitcoin.

It is great new for all over countries, in future more countries will hand up with BTC.

This is what I keep saying! As more countries make regulations to fight cryptocurrencies, they will see how tiredsome and how meaningless the regulations get! All they will do in the end is hands off and join the party! You can fight technology and innovation that is coming to make the world better! You will only try but you will fail too! It only gets difficult to enforce. And when they throw in the towel they will only reluctantly say "We accept this"

This is good news of course but not enough. Many countries have to follow Korea for bitcoin price will rise again. I hope it will happen. Bitcoin price is not in the place it deserved.

South Korea on bitcoin is great news. Bitcoin will develop more and more when a country is bitcoin friendly and all of us are benefiting from it

Is this real?
If this is true this is good news, I hope news like this continues even all countries will receive bitcoin and bitcoin will continue to grow.

Steps taken by South Korea is the best step because of technology of bitcoin is future technology and can help to solve many problems. And i hope not just South Korea but all country in this worlds so bitcoin and cryptocurrensy will increasingly famous. And will have a positive impact like, rising bitcoin prices, also make people believe in bitcoin and cryptocurrency

Great news for all of us for sure that Korea will really love cryptocurrency, so for sure that the market will bring back to normal the following month especially now that Korea has come back and will create impact in the price of cryptocurrency especially in bitcoin, great news for all of us hope many countries will adapt this too.

I know the Korean government recognizes cryptocurrency as the legitimate industry
In some cases, the Financial Services Commission and Financial Supervisory Services
Have admitted that the government does not want to regulate the money market because
It fears domestic investors will understand that it is the way Legalisation of the government's electronic money market.

if you have a good story between bitcoin and South Korea, I think it will be one of the best ways to develop bitcoin in the future. I am still confident and optimistic if this at this time will affect the price of bitcoin in the market

As we have observed the status of bitcoin is very progressive and successful.  This digital money currency has a better future and determinations to be the new generation as currency because of the popularity. Like this great news the country of South Korea are now accepting bitcoin as legal tender, this is very nice and I think time will come that all country's in the world units to support bitcoin.

This is good news for all of us, finally this digital currency can be South Korean official. We hope that this Bitcoin can be officially around the world.

Wow what a great news! I can see that most of asian countries can adopt and accept bitcoin. Isnt nice to see some great news like this despite of this bitcoin fall down? But im hoping that this kind of news will continue so that many people will realize that bitcoin is really worth to invest.

This is great, because the more countries accept cryptocurrency, the sooner we will be able to fully use bitcoin. And we really need it.

its not possible to regulate bitcoin

While decentralisation offers cryptocurrency independency from the government, regulating the market will go a long way into instilling confidence and trust among the community. People will also find it reassuring to invest in crypto.

I also support the views of the government that it is necessary to regulate bitcoin to what extent, but the main thing is that it did not go to the detriment of technology.

Very nice, another tech giant country is finally opening their gates to newer technology. I really do hope other countries follow the same steps this country had made for its people. I really do think there is a lot of benefits bitcoins can bring in the country. Maybe others may not feel nor understand it now but eventually, all will be revealed.

I like the trend of accepting cryptocurrency, though it is gradual, slow. But this is still a good sign, so the crypto will not die, but will still be actively used.

With good news, this is a good development for crypto development in the world. We know that South Korea is a country with a good economy. I hope that many developing countries follow in the footsteps of South Korea

It is a very good country that also wants to use new technologies.I hope this news will eventually have a good impact on the cryptocurrency market as a whole

This is good news for the development and future of Crypto. the increasing number of countries that legalize crypto currency will increase the number of crypto currency users. so that it will encourage growth in demand volume for the crypto currency. and will have an impact on rising coin prices on the market. and crypto trading volume will increase as the crypto users increase. and we can use crypto currencies to transact more broadly.

If the price of Bitcoin will return, the Korean country will experience a huge profit by investing a very large amount of Bitcoin at this time.

Apparently, in the future there will be more and more countries that will receive bitcoin. And blockchain technology, in various fields in our lives. Ready or not, any other country will surely accept

So many news like this and yet the market are still dumping, well I’m actually referring from the time OP made this thread. A news like this can pump the market but its not that high. The future of bitcoin will still be good, more countries will recognize bitcoin soon.

Good to hear  this  of  news  ;)  I've  heard my  Korean  boss says  that  many  Korean  they  don't   believe  in Bitcoin   and  they  are much  afraid   because scam  is everywhere today  ;) but hearing that  news  is  a big   impact  and  can  attract  other  country to follow as well. 

Bitcoin is very popular in Korea, but there are also many people who are losing money  ;D

It's good to see that regulators can look through all the FUD, the scams and the crashes and come out of the other side supporting Bitcoin, honestly I'm surprised.

South Korean adoption is important because they are one of the most highly advanced societies technologically speaking. There's a reason they're cranking out top e-sports players every year.


I would expect the earliest places to hit mass adoption to be countries that have real problems with their currencies (hyperinflation) but perhaps it's going to be countries like South Korea where there's more people ready to understand the technology better, at least until it gets polished enough for the everyday user.

That was a great news for bitcoin community. This surely bring a lot positive mind to bitcoin investors that there still a hopes for bitcoin to alive more longer.

Is this really ??  good news for the crypto world. Now governments Know the benefits of cryptocurrencies and They will allow crypto I'm pretty sure. Korea will be the first

This is good news. I hope many country follow bitcoin and also will make the bitcoin price back better......

As the volume of market expands and market gains depth, people's attention to criptocurrency grows. But we don't read such a good news for a while. To find ways which can be used widen government officials' horizon and make them also see opportunities is so important, because they only focus on risks of criptocurrencies like their volatile prices.

That nice what a good news it seems the world is now accepting bitcoin... The more people coming in the more cryptocurrency is growing in value and also it will help it to well know by everyone.

I guess not,  there were few countries already adopted bitcoin such as Japan and I guess Korea seems found that bitcoin really good for business investment, since this is cannot be regulated by the government.

So nothing doubt bitcoin are important first digital cryptocurrency
More and more country believe about the new technologies
Bitcoin is the new era of miney using new technology someday in the help of I.T expert
Digital money become stable currency

slay south Korea !

new about people in different nations patronizing bitcoins sure is a great news indeed! more people not just in our own country but from other nations as well using bitcoins

South Korea has taken a revolutionary step towards the future of enhanced payment method by legalizing Bitcoin. This will in turn boost the entire crypto market as the people of South Korea familiarize themselves with Bitcoin. Countries in alliance with South Korea will soon adopt Bitcoin after seeing the boost in the economy of South Korea.

Yes. Its a month time ago since south korea start to accept bitcoin. I heard they also used it now as a mode of payment in malls and other stores online, which is good because that is the purpose of bitcoin to be used in transactions. For sure they see cryptocurrency as a future currency to their country, its good to hear that south korea one of the attractive place to visit will ready to embrace cryptos.

 I hope this is the beginning of other country to regulate bitcoin,and also the start of bitcoin to goes up ,this is really a good news .

Yes, for someone it is certainly good news, but for someone and cause for disappointment, because some countries are also waiting for the same event, but few have yet to wait.

There are several conferences being held in South Korea regarding Bitcoin and Blockchain.There are number of projects from that area too.
South Korea has been one of the biggest support for Bitcoin and blockchain!
Also number of shops are also accepting Bitcoins there.  So this country is really advanced and accepting this  technology the way it deserves!

This is a great news for Bitcoin because the interest of the government from an Asian country like Korea has had a positive impact on cryptocurrency. We will also hope that other countries expand their understanding of Bitcoin.

It good news anyway if really are get the news from a right source because many people have been post or creating similar post just merit or signature sake, so I think it very important to get a news from a right source before spreading it to avoid misleading people with your post just .

this is a great news. maybe in the future the market of bitcoin rise up soon

Bitcoin's virtual currency continues to be a conversation on the world's financial markets. Moreover, the bitcoin exchange rate continues to soar to hundreds of millions of rupiah. Still, there must be a study related to bitcoin, even though it's not now. Because in the end untrust appears with those who make this bitcoin

South Korea has often supported cryptocurrency. I hope they influence other countries to also support cryptocurrency.

i think this is a good new for the market bro. maybe the challenge of coin is the past

Bitcoin and cryptocurrency is developing and it is growing more and more when news like this appear in the market. It is a great sign for bitcoin.

A number of countries in Asia began issuing restrictions regarding the circulation of cryptocurrency such as bitcoin, ethereum, litecoin and other types. This includes South Korea. impose a ban on digital money movement which was sparked by Satoshi Nakamoto. the South Korean government is indeed a fanfare wanting to ban. This creates 'fear' for holders or people who use this virtual currency transaction.

Good news, in my opinion, where Korea, which is a developed country, starts to legalize BTC in their country, my own hope is that in the future large developed countries like China, which are still doing strict regulations on BTC, can be more open with new things like South Korea. and hopefully the South Korean movement can attract large investors from the country to invest in the cryptocurrency sector

It's great that the government is set to accept bitcoin in South Korea. I think that this technology can significantly improve the country's economy and increase the security of financial operations.

that's very good news, and my hope for the future will have a good impact and will further advance bitcoin to be even better

It's good because finally South Korea is moving towards dealing with crypto legally, and that's what we all want. Having another Asian country in crypto is great.

It would be just fine if other countries followed the example of South Korea with respect to the crypto-currency. This would encourage the development of digital money and technology blockchain.

To be sincere I love to hear Good news regarding bitcoin and other Cryptocurrency, which really give hopes that bitcoin is here to stay.

I think the news will give effect to cryptocurrency, I think there will be good things from bitcoin. we can see if South Korea is one of the biggest bitcoin users in the world. maybe it will definitely give a different effect.

This is indeed a great news to the whole cryptocurrency community, one step milestone for Bitcoin adoption. South korea is considered one of the progressive asian countries in the world and hoping this move may motivate/inspire other countries to accept this mainstream technology. I hope this may give extra boost to cryptomarket as well.

really? what a good news. As we know, South Korea is a country that is developing its economy today. I hope this will be a good thing when South Korea has used bitcoin. I hope they give good influence

This is a good news for bitcoin future, when all of countries in the world are doing the same, then bitcoin will be a world currency, and we don't need bank and Money changer anymore. Look how easier when we are going to travel around the world, just only bring one currency, bitcoin.

Acceptance is a major factor in increasing value. As more and more countries/governments and major business players accept Bitcoin or cryptocurrencies as a whole, legitimacy and credibility will increase as these two are contributors to value. Though regulations are being placed for safety and security in order to protect a nation's citizens from fraudulent acts, this I think is just a small concern which will eventually result to a better picture of the whole scene. I believe that great things are in store for this system and all we need to do is make wise investments and patiently wait.

That is promising news. The South Korea government is smart to take such action. It will protect bitcoin owners from scammers, hackers and give them more safety and confidence.

South Korea has a very advanced perspective on bitcoin, especially blockchain technology which is a decentralized technology that runs Bitcoin. Blockchain is revolutionizing the way the internet and banking work, so it needs to be anticipated from now on. Regarding the lack of bitcoin, a solution can be slowly found. South Korea gives an example of a nation's perspective in addressing the latest technology.

One policy that helps crypto lovers to continue to trade, this is positive news and very useful, especially the progress of better technology.
Until now South Korea has begun to follow the development of bitcoin which has good fame and value as a future asset.

That's a good and great news that south korea legalised the bitcoin and give them full authority this is good for both authorities and also for the investors because now their trust is more strong and more promising for it.

That's very good news that South Korea on Bitcoin now. This means that more Asian country is accepting bitcoin and hopefully it will spread to the county in all over Asian since there are many countries in Asian still not accepted Bitcoin including my country.

Sure that many of the countries will soon follow the example of South Korea. This is a country with the great technologies, and Bitcoin will help it to even more prosperous.

This is exactly good news if South Korea wants to deepen in cryptos. It is true that Blockchaine offers so much opportunity that countries will be forced to crypt. Cryptocurrency is a revolution and its beginnings are difficult but in a few years we will not be able to do without it.

That is good news, and my hopes for the future will have a positive impact and will continue to promote better bitcoins. Now and again, the Financial Services Commission and the Financial Supervisory Service acknowledge that the government has no wish to manage pre-financing for fear that speculators will understand that that is the legitimate online advertising of government money. The presentation of the new antagonist of illegal tax evasion rules for the Korean government's e-commerce phase is seen as the beginning of the experts to direct the nation's electronic money exhibition. . It's good that Korea is finally coming to terms with the legitimate code, and that's what we all want. It would be better if other countries follow Korea's example for electronic money. This is really great news for the entire electronic money community, an important step for the application of Bitcoin. I hope this can provide more boost for cryptomarket as well.

This is good news for the development and future of Crypto. the increasing number of countries that legalize crypto currency will increase the number of crypto currency users. so that it will encourage growth in demand volume for the crypto currency. and will have an impact on rising coin prices on the market. and crypto trading volume will increase as the crypto users increase. and we can use crypto currencies to transact more broadly.

I do not see a fundamental basis for such growth, so I think that such phrases are only needed for the popularity of the one who says it

Read it this article absolutely this is fantastic news of the crypto market.i think some countries government want to decide how accept bitcoin world. Actually proof it now few countries government already accepted Bitcoin market.hope Bitcoin market will accept available every countries.

It makes me believe that cryptocurrencies have the chance to complete the global development without governmental obstacles. This is very important now for the formation of bitcoin as a currency.

It is a great news and the government of Korea for taking this wise decision and also hoping that government of other country will understand this as soon as possible.

And such decisions will very well affect the adoption of a bitcoin ETF, because you need to regulate this area

that's just a great news. I hope some other countries that doesn't welcome cryptocurrency does what south korea had. This kind of good thing makes crypto enthusiast, investors, traders, bounty hunters and everyone in this forum an inspiration of work. This would make the crypto industry make broad and widens its scope and capabilities.

this is very good and I think that with such support it will make bitcoin stronger and stronger for the trust in the wider community later.

It's good to know that despite banning issues, there are still countries and people who are open to this new kind of ideas like cryptocurrencies and are aware of how beneficial Bitcoin is for economy and its people. It's such a good thing to consider that they welcome this extraordinary innovation.  As one of the most influential countries in the world, it sets an extra mile as it opens new opportunities, it attracts more investors and promotes for its wide adoption from across the world. I'm very hopeful that there will be more good news to come. Nothing comes easy, no need to rush on things, it will come at the right time, don't give up, stay faith high and strong.

Step by step and countries like Korea and Japan would be winners as their gov. understand its future of world and try be leaders and make much more money as always.

good for them. but what is the corruption level in s. korea? might be great news for them as another cash cow in the making??? or they have strict regulations in terms of financial handlings?

in my opinion it's good and enough if bitcoin is in south korea because the government approves the existence of bitcoin and can develop faster there i think that's a good thing

Crypto is slowly and surely conquering countries. Some day those who are panicking would think of these days with a bashful smile for not believing...

I see the good news for the crypto market. Perhaps Korean guys are more advanced in this technology then some other countries.