Bitcoin Forum

The Korean Blockchain Association has approved 12 cryptocurrency trading platforms, including Bithumb and UPBT, last week, with adequate security measures and on-site management systems.

Many local newspapers have reported that the Bithumb, UPbit, Gopax, OKCoin, Korbit, Coineone, CoinZest, CPDAXX, HanbitKor, Huobi, NeoFrame and DexKor platforms have been approved by the Blockchain Association of Korea. The cryptocurrency industry and the blockchain sector.

Several newspapers have reported that a new flow of capital will be poured into the cryptocurrency market after the government announced its move to legalize crypto trading and set up rules. It plans to manage similar transaction platforms with financial institutions.

This news and event is super bullish as asia is a big market for crypto and big volumes were expected after legalization of exchanges but sadly no clear movement in market i expect it will take few days or weeks for people to come back with big money and trade crypto.

This is indeed a good news for crypto currencies, hopefully we will see more Korean investors attract to crypto because of this news. OP, can you please share the source of this news?

WOW, Good News to every supporter in the crypto space, Korean Blockchain Association took the right steps to ensure trading crypto is secure but to me, This interfere indirectly to Binance. this News will shake thinsg up for Binance.

If you can share the link to this new that would be great. If the news is correct then we will able to see some bullish runs in the market sooner I think.

As a result of the inspection, 12 of 14 exchanges received confirmation of compliance with the “General safety standards” approved by KBA. These include the presence of cold or offline wallets, compliance with anti-money laundering regulations, having a certain minimum in assets and much more. It is noteworthy that the Inspectorate does not conduct any simulated hacker attacks, and was limited to only interview data with stock exchanges.

I think this is a good move and news for the crypto world
Because it defines the acceptance of bitcoin across the universe and the general acceptability is vital as well

Let’s hope China also has it confirmed once more and India legalize too so crypto currency becomes almost like fiat gradually

Finally, then Korea began to move in the right direction, this is very good news!

Excellent news, I am very pleased to read that The Korean Blockchain Association has approved 12 cryptocurrency trading platforms, but even more the news that the Korean government wants to legalize cryptocurrencies and make a regulation. This is what most countries should do if we want to see a strong development of the sector in the coming years

Good news as Korean is a big market of Cryptos.
I am wondering is that the reason of recent peak of bitcoin from 6.5k to 7.4k.
Hope that there will be more good news like this and we can see bitcoin at 20k again.

The topic of the thread is misleading.
It would have been a surprise if The Korean Blockchain Association didn't accepted Cryptocurrency.
The title should have been The Korean Blockhain Association approves crypto exchanges.

The Koreans are always among the first to accept any innovation. I like such an approach. Sometimes I feel like we fall some 20 years behind them:) Let's see what happens next.

This is great news. Heard recently that Korea would soften their stance on cryptocurrencies after a particular meeting and I am glad to see them already taking action as announced. This could be one of the reasons why Bitcoin began rallying recently apart from the Blackrock rumor. I am expecting more and more countries to reverse their bans on cryptocurrencies and focus on regulating crypto instead since this is the ideal option for everyone involved in this volatile cryptocurrency market.

The korean government receiving cryptocurrency is very good news. Many project that can be done in korea.

this will be a great start to the awakening of cryptocurrency after being thrown out throughout 2018, I believe that in the future crypto will be accepted by people all over the world

Good news for us and for bitcoin and altcoin holders, but whether the news is real. you should provide me with information from where this news source loaded :D

That's a great move on Korean Community who supports cryptocurrency, However we should be aware of the goverment sanction they will provide taxes on most of the cryptocurrrency exchanges. To help the economy build on its own GDP rate.

This news is good but was not complicated issue like private coins, security coins etc. There is no problem with most centralized exchanges for me.

Guys, you do not think that this information can be false. The person did not provide links to the article or any other confirmation of this information.
Korea and Japan will be the first who will take advantage of the blockade, I hope the rest of the world will not wait long and follow their example.

when crypto blows up to REAL multi trillions china will be crying at blowing their huge head start for nothing

when the winds of change start to blow....

Other countries will follow suit, if not now then next year, or the year after that.


Winds of change sure starting to blow.

Korea confirms that it is one of the most favorable countries in the world of cryptocurrencies, while China closes its doors to this revolution, the Korean government plans to legalize and regulate cryptocurrencies. I hope that there are more and more countries in the world following the example of Korea, because it is very important for the future development of the sector

The Korean Blockchain Association accepts cryptocurrencies. This is very good news. Although it is only the beginning of the cryptocurrency market, more and more countries accept and apply cryptocurrencies. The Korean Blockchain Association will take this initiative. Will promote the faster and better development of cryptocurrencies, and lead more countries to accept cryptocurrencies, which shows that we will soon see the huge prosperity of the cryptocurrency market.

This is no big deal. In Asia, South Korea and Japan, it is very supportive of cryptocurrencies, because people are tired of the hegemony of the dollar. These governments are embracing cryptocurrencies.