Bitcoin Forum

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

Blockchain technology is the future of data processing and management and also interactions between businesses and individuals, more nations would want to key into and support the growth of the blockchain and fintech industries.
The nation with the most favourable and enabling environment would attract more businesses and upstarts.

European union also has various grants for blockchain startups.
Since you wrote about fraud, although not 100% related, I've read somewhere that one result of these grants is that businesses that doesn't care at all about blockchain tech try to move to blockchain (and in some cases blockchain is far from ideal for their needs) just to access those grants.
As always, time (and hard work) will make the proper and honest startup develop into nice businesses. And those should indeed help reduce fraud by a great deal.



Yup. "Blockchain is not Bitcoin" is something we have to clearly keep in mind when we are so happy about the blockchain businesses. Most will not interact at all with cypto.

Time is a very significant factor. Blockchain technology is still a new technology, it has been around since before bitcoin, but it needs time to mature and fill out it's space.
When the current crop of start-ups become established industries it would open wider doors for more entries.

blockchain technology is still new technology and a few countries are using it right now and blockchain adoption is increasing significantly and more and more country will use and support blockchain technology.

While technically true, this doesn't exclude Bitcoin and other cryptocurrencies either

Further, I can't imagine a field of application other than cryptocurrencies where the blockchain technologies would be useful. This doesn't mean that they can't be used (as they definitely can), but how competitive will they be to other technologies? Blockchain comes with a lot of overhead, so, personally, I don't think there'll be a lot of projects involving blockchain (other than vaporware) and not involving cryptocurrencies in some way. But you may provide examples of such uses if you wish

I think it's natural for every country to operate the blockchain. because the blockchain will increasingly develop and they also see that the blockchain is a new technology that is emerging, and the emergence of the blockchain has benefited every country that operates it.

I agree with you on that because blockchain is the innovation technology which can be use in every aspect as goods and services are concern. However, I will say I'm not so surprised with the news because the Korea have been crypto friendly right in the past even when the Chinese place ban on bitcoin.

but if we release the meaning of the second relationship between blockchain and bitcoin / alts, in my opinion it is quite something in vain. The Blockchain provides bitcoin / alts as a tool for implementation in the system, while bitcoin uses Blockchain as an appropriate platform

Not to forget that blockchain technology is contributing to this next
industrial revolution. There are many countries who are promoting
blockchain tech companies. These are countries with progressive
approaches and can see the future benefits which include employment
and in return revenue.

The E.U for example have setup the "european blockchain partnership"
The idea behind the coalition is sumarised as folliws from the link

In the future, all public services will use blockchain technology. Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies. The Partnership launched today enables Member States to work together with the European Commission to turn the enormous potential of blockchain technology into better services for citizens.

https://ec.europa.eu/digital-single-market/en/news/european-countries-join-blockchain-partnership

Seeing participitation of more countries support of blockchain technology is a key indicator that we are on the right side. Since blockchain technology brings many new secured ways of making business, application areas of this technology are widening not only in financial sector but also in manufacturing sector.

Blockchain technology is the present and future of a lot of processes in the public service. From maritime, elections, and other administrative processes, the use of blockchain technology will both facilitate the process and save time and money. There is also the issue of corruption, hopefully blockchain technology can serve to reduce bribery too.

There are many applications of blockchain technology that can play a key role in the era of 5G, so a lot of companies and countries are researching and developing blockchain technology. This is a sunrise industry, make a person look forward to.

It is very good news for the blockchain technologist because it will increase the job opportunities for them.But other countries with much population level need to adopt this technology for more popularity and application level to increase.

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

More and more countries understand that blockchain is a technology that it is going to reshape the global economies. As I can see the first countries that embrace this idea is the ones that have high levels of innovation in their processes. Given that, they create blockchain hubs in their innovation areas in order to promote and attract new companies that are in fond of the Blockchain technology.

As time passing by, the cryptocurrency community is becoming more powerful. There are now many news all over the world about the legalization and acceptance of the cryptocurrencies in a certain country. I am sure that the mass adoption will occur soon.

The blockchain is a milestone in technological progress. As important to mankind as an invention of the first aeroplane.

The blockchain technology already proven that it can help the current payment system to become more faster and better. There are now many countries that keep supportig it because of its uses and functions in the economy.

If a technology can provide better payment system and security which is the main issue as there is multiple hack attempt regularly going on then government will be automatically attracted towards that technology i.e blockchain.

South Korea has been in favor of crypto for a long time. Not only that they cut the 30% from blockchain taxes and all that but also even having a crypto tax and law to begin with is amazing. There are still third world countries and over a hundred of them that do not posses any laws strictly about crypto.

There should be crypto laws all over the world because we are using it and we are not going away anytime soon. If there is a money to be made from this than countries with no crypto law should start to consider making one otherwise they are basically losing money from it. I have been making money from crypto for over two years now and I have not paid a single tax.

Not because I am trying to hide it or even not pay it but because my government doesn't see crypto as money and acts like its play money hence I can't pay taxes even if I want to.

That's great news, it seems at first small countries try to integrate it, also I like the fact that Bitfury does it's best in blockchain technologies development. I don't know what taxes are on different countries but South Korea did well, I think 0% tax for a while would make BC technologies under massive attention but since I don't know what happens there, mayne 30% slash will be enough to achoeve what they want at first step.

after the smart technology, many factors were taken into consideration by the government, besides that I felt that because of their political interests they tried to reject it. but I think technology development is unavoidable, and starting to realize that there are many uses for blockchain, hopefully this will be a good start to this year

Because, first, the governments of the countries are the ones to be. It was an unknown, unpredictable sphere, which could lead to the most unpredictable consequences. I think all this time, the governments of the countries have watched what was happening and thought how to manage and cooperate with it. And now, after some time, countries are gradually beginning to work with this technology, because they see benefits in it.

I am believe government realize that blockchain is the future. Transparancy bussiness in blockchain network will growing more bigger in the future. Its should be government take advantages and support this technology because it can safe a lot cost

It is a good thing that there are some countries consider this technology they are looking meaning it will be the next big thing in the future let us just wait because many country will adapt this technology and there will be a good improvement soon.

for blockchain technology, there are indeed many who support. but what we ask here is, will they also support crypto? it seems that that won't necessarily happen.

This is good news, it does not benefit us directly but it does benefit us indirectly as this can make some projects to consider South Korea as the place from which they will want to launch their projects, it is interesting that many friendly environments to cryptocurrencies are found in Asia, it seems they understand the revolution bitcoin will bring is unstoppable and they are trying to take advantage of it instead of fighting it like some countries are doing.

That is a good news for South Korean citizens particularly those who are directly involve in the crypto currency related business and I want other countries of the world to emulate South Korean government .

That's a very great development. News like this in times like this brings a soothing relief to every crypto enthusiast. Since government of some countries are now beginning to support Blockchain technology in one way or the other, it's a good sign that the future is really promising and would be really great. Kudos to South Korea.

Seeing many countries in backing blockchain technology is very good because this situation has a good effect on the price of crypto currencies. While blockchain technology is widening, this technology is very important to bring many convenience to our lives as they spread.

Yes, hopefully there will be more support for Blockchain from various countries in the world, so that it can increase the price of Bitcoin on the market, because we know that Bitcoin is on the Blockchain network. Hopefully always successful for Bitcoin.

right, between the blockchain and bitcoin are closely related, so many consider both of them a unity. with this news will certainly make the development of bitcoin more smoothly, and it is expected that prices will increase

blockchain is now also known in many countries so from now on many countries are willing to support the technology in the blockchain. Hopefully, with this, more and more countries will follow in the footsteps of these developed countries, and can create a state order. the new one where the country has advanced with blockchain technology

Not only South Korea but various jurisdictions including the United Kingdom. I think the main reason for this is because blockchain can be integrated with various industries such as health and education (https://www.coins-info.com/news/heres-how-these-6-major-industries-benefit-from-blockchain-innovations/).

more and more companies are starting to accept and support the blockchain technology so that it can make the price of bitcoin very expensive and can make many people use the blockchain because the more that supports it, it has become the key to be able to increase the price of bitcoin.

This is good news and we hope more news come up that will move the market upward.  South Korea banning of bitcoin and icos activities in January 2018 was the major reason why bitcoin and cryptocurrencies market fall through out the year and if the same people started to slash tax for blockchain technology start up then we should hope that this 2019 is going to appreciate in future.  Cryptocurrencies market is really going to be adopted in many countries in the future and blockchain technology is going to be the future of our financial system.

as years goes on, many people or countries will realize the values and importance of blockchain technology in our future and also the development of our civilization. Bitcoin will rise sooner and its a shame if we couldnt even witness of it.

   More countries show support for Blockchain like we talked about here few years ago. Now its`s finally happening. Adoption started long ago, now
it seems like it`s getting some speed.
   Now we can be more safe in Blockchain future. Sham100899 as years go on more people will accept crypto-currencies and we are witnesses of that
process, we participate actively in that process.

Blockchain and crypto currencies are different thing in their mind. They are not entirely wrong, crypto currency can't exist without blockchain but blockchain could be used in other stuff which makes it half related to each other, crypto currencies are fully forced to use it but you can use blockchain for something that has nothing to do with crypto currencies.

It allows countries to make different reactions towards cryptocurrencies and blockchain. They can support and try to encourage blockchain because it is something that could drive economy better and allow people to have a better software product in their hand to continue innovating and improving peoples lives.

Cryptocurrency on the other hand is also getting a good amount of attention but not encouraged just taxed properly recently in many countries.

Yes blockchain  have a big help in every country regarding of data processing even it's big data. If I'm not mistaken blockchain  can hold and secured  a data so that is that some of the big company even banks was now using blockchain  for their data so it means blockchain  is for now and for the future.

Although the tax set is quite high (30%) this has a positive impact on the development of crypto in Korea, hoping that it will be a good start for crypto fans to be more advanced and continue to innovate with blockchain technology.

More countries are now interested to blockchain technology. They are now supporting it because they know that they can improve their economy by patronizing and supporting it.

I can say that more countries supporting the blockchain technology is a very good development and indices to show that. The blockchain technology has come to stay.
It also means that these countries are beginning to understand and relate to the potential and benefits of bitcoin in relation to the socioeconomic development of their countries.

It's perfectly normal to support Blockchain. Blockchain brings a lot of conveniences and cost advantage onto an old system too. It is not possible to support Blockchain in this environment.

Blockchain is the technology of the future, whatever governments think about cryptocurrencies, blockchain is not the same thing and they should accept it and adopt it. It is no use ignoring something that will make your life more easy, humans go from one technology achievement to another.

You need to separate the two though, Bitcoin and Blockchain for most countries are different. It doesn't mean that South Korea is very open to Blockchain Technology would mean that they would adopt bitcoin as well. There's a lot of countries with similar mindset, they just fell in love with the technology behind but not crypto. Although as this time, South Korea is very friendly to crypto but we don't know, maybe they will just snap like China did 2 years ago. But Blockchain Technology will survived and will evolved with many countries slowly adopting and take advantage of this new technological breakthrough.

I definitely agreed and believed were in the near future all countries will accept or adopt the Blockchain technology. Though, most of the Asian country now are planning to adopt it and some are studying it too. Which is shows only this technology not just only a trend in our times, but of course it can change our era for the better future in every nations.

This are positive news that will increase the awarness and build confidence in the mind of investors, when countries globally begins to support the blockchain technology sure the development will increase the value of the cryptocurrency technology

The most distracting countries in the world on cryptocurrency are the most active countries on blockchain. They have more ICO projects, highest amount raised, own exchanges with more users, highest numbers of miners etc. yet they give news that do not support bitcoin. This should teach other countries lesson on how to handle cryptocurrency.

This is certainly a good thing for the development of cryptocurrencies, with the support of blockchain technology by many countries, of course, this will increase public confidence in blockchain technology and with the emergence of this I hope that the level of confidence in the cryptocurrency will also increase so investors are interested in instilling their mode is in cryptocurrency.

That's right because the blockchain technology is very useful to use, so right now there are many countries that have received or used this technology well

South Korea is one of several country that regulating cryptocurrency or blockchain for bussiness. Beside that, market value in south korea very big and i think people of south korea very adapting on new technology like cryptocurrency. Hopely this step followed by others countries and regulating on cryptocurrency market

The bitcoin is now a hot topic world wide because of its functions and uses. There are now many countries who planning to legalize it because of the benefits and the advantages that the citizens can get.  We should support the blockchain technology for us to have a better digital society.

Looks like they want to create something similar to bitcoin, but even better. Though I believe that crypto should live without governments.

Many possibilities can be than with the technology aside from being easy and convenient to used. They see the potential about it which it can be much more helpful in the near future. Despite of struggling from the current problem which is about its volatility, still some see the good side of it. Our world is becoming more in digital especially about transaction which I see the full uses and this is probably why some countries have been attracted about it.

Yes, blockchain technology is really useful and contributes a lot to the fields of society because it possesses special features such as transparency, security and can create smart contracts, that has great benefits for management, so more countries are supporting it, which is a logical thing when it is judged as the technology of the future. However, one thing that is quite sad, they only support this technology, instead of its products such as bitcoin, eth and many other cryptocurrencies, but I believe that with this support, it also makes people know more about crypto and attract more investors

I think South Korea is a good country for cryptocurrency, and of course this will make people there more calm and uplifting on Cryptocurrency. I believe, South Korea will become a country famous for Cryptocurrency. South Korea is also a well-known country in Asia, and if later Cryptocurrency can grow well in this country, I hope it can affect other countries in Asia, so that it can be better with the presence of this Cryptocurrency.

As we know that blockchain is a good kind of digital technology, it is always possible that there are many business, corporations and many more countries are supporting for this blockchain technology, for the find this technology very useful for the improvement of the different business strategy.

in cryptocurrency, there are indeed many companies that make their own coins. so that a project emerges. with more and more countries supporting it, more and more projects will emerge and develop their own coins

There are a lot of developers that wants to present their coins but they are not companies.

There are some groups or sites that release their own cryptocurrencies, and I think they already have a project to start with in their release of that certain crypto. Also, countries don't support their coins or cryptos or project, they have their own investors and that is the reason ICOs are being made by them. Without investors, that project will obviously end quickly.

More countries are supporting blockchain technology because they saw the potential of this technology regarding data processing and storing data inside this technology and it also helps those people who want to send money in any part of the globe with a single penny of fees.

It is an advantage knowing that there are lots of countries who supports cryptocurrency. We should know that it is important that there would be countries which would accept crypto. It could help the growth of the blockchain market and it would also be helpful to a lot of users around the globe.

It seems that mass adoption is now happening in our society. The government are now looking to forward to cryptocurrencies. Many more governments around the world that are now interested to legalize and accept cryptocurrencies as mode of payment.

Blockchain is at the cusp of financial innovations, the transparency of the publicly distributed ledger propels us forward as a society. It would be insane not to at least consider the possibilities of Blockchain technology. If the U.S and other big countries adopt it, I'm sure then that other nations won't want to be left behind.
    This sector is after all, still within its infancy. We've only just begun to regulate it and if the market is to ever possibly recover, more regulatory proposals are needed.

Just my two cents!

If more countries will support and accept crypto currency and the existence of blockchain than I am sure this is rise another sun in market which will shine so bright so that why I am hopeful about upcoming good days of crypto currency that soon it will be high people will be able to use and invest crypto currency throughout the world.

The blockchain technology is not all about cryptocurrencies. It can be used to change all aspect of our lines positively and this is just a tip of the iceberg

Yes, hopefully there will continue to be many countries in the world supporting this blockchain technology, because when Blockchain technology is widely adopted by countries in the world, this will bring good news to Bitcoin. So that the price of Bitcoin will rise. And when prices have risen is a victory for all Bitcoin holders.

That is good because it can help to the bitcoin to promote to Korea and having a lot of investor.

The good steps taken by the South Korean government, they know that blockchain technology is the technology of the future, technology that can revolutionize all industries, is connected to the internet. Approved financial technology.

South Korea is one if the civilized and growing country, and thats they take the opportunity for another great development.
Not only South Korea have accepting this new technology and it could be more, and those who leave crypto before will be back again.

The Blockchain technology and the cryptocurrency are two different things. A country or a government may adopt the Blockchain technology while still banning or regulating the use of cryptocurrency in that country.
A real example would be the country I live in. India is a country where the adoption of Blockchain is continuously growing while the government is still lagging behind in the use of cryptocurrency.
Cryptocurrency is still not legalized here but there are startups using the Blockchain technology. It is well known to everybody that this emerging technology will be widely adopted in the future.
But people still doubt if cryptocurrency will be adopted similarly or not in the future.

More than this, a month ago the South Korean government decided to invest $35 million in their 2019 budget to adapt blockchain technologies. So they are not only not creating obstacles, but encouraging the development. It's no wonder that South Korean companies like Samsung Electronics, Hyundai Motor, LG Electronics, Kia Motors and others have already conquered the world. In the fast-paced world we live in, several years of acting as a brake on progress can make your country trail far behind, even though it was number one over the course of many years. (I mean actions of the U.S. Securities and Exchange Commission and similar organisations.)

They support cryptocurrency because they saw the potential of this market and of course the blockchain that makes this even better. Its good to hear a support from the government and hopefullu for a more countries to support not just bitcoin but the whole blockchain technology.

The potential is there but the regulation and laws are unclear as this moment, the support from the government has a crucial role for this kind of industry to be known in the world, yes there are certain companies who uses this kind of technology but the people still dont want to engage with it.

it cannot be denied that blockchain technology can be said to be the most perfect technology at this time, even the blockchain technology can be said to be the heart of bitcoin, besides this great technology can be applied to various fields in life, if South Korea really starts using this technology, they are very lucky. because of this interesting blockcahin technology, Edith also even said that investors are now more interested in blockchain technology than in bitcoin itself.

They should do more than reduce tax. Their people are loving crypto currencies but their creations haven't exactly set the world alight. ICON was ok, but still trailing behind NEO and other projects. They are basically playing catchup

New signs of mass adoption started to apper all over the world in the early stage of this year. Seems like in 2019 people realise slowly that bitcoin actually have a future and the developers and blockchain engineers who are talking about it deserves a shot to be listen when they are trying to approch the blockchain and bitcoin subject.

This is a good deal for every start-up projects there, we need more country like South Korea that supports such technology because later in the end government can always benefit from those start-ups as they start generating revenues unlike other countries that are tight with their regulations and very conservative about adopting new innovations.

Blockchain is invented by Satoshi and how come they are around before bitcoin. ::) , the fact is this is the biggest invention of the century as it solved the double spending issue without the help of any central authority.

Not only South Korea, Japan, Hong Kong and Singapore are crypto friendly countries in Asia and with time we will see more countries accepting and promoting these new technology and start ups. Slashing the tax for start ups in this platform is a good initiative from South Korea as they will promote new entrepreneur to start something meaningful which in turn gives new job opportunities and have superior solutions.

It is now proven that the blockchain technology cna be the key to overcome the economical problems that the many countries are now facing. More countries around the world that are now accepting bitcoins because of its value and uses.

Better when we got many country have support blockchain as technology and want to accept bitcoin as transaction and legal payment, but we have make bitcoin at higher price first to make many country will trust and faith with bitcoin or altcoin.

I agree that it will play a big part in the future, and it's so good and refreshing to see how many countries are following suit with other ones that were early adapters of the cryptocurrency concept. Also, what I like about seeing countries and world-renowned companies going into cryptocurrencies is the trust people have on them. When you see an entity that is considered somewhat a beacon of trust, then it would be easier to convince more people to get in the market, and hopefully, would result for it to flourish and improve through the support of more people.

Almost every country has got a team to research about the need of blockchain technology into their governance and on other platforms. Some at the early stage itself misunderstand bitcoin with blockchain. Those who have understood blockchain and bitcoin in the right manner have given approval. As a result already some countries have created their own cryptocurrency using the blockchain platform. Majority of the country give importance to blockchain on making the financial system perfect.

But they are adopting the Blockchain technology and not Bitcoin. I know it is a great marketing strategy but it works.
The real pressure will be pushed when companies will start realizing the real benefits of the blockchain technology. Corporations are a powerful strength that can bring this change in society.

yes, current systems will adapt to new technologies, further making their centralized systems powerful and strong.

of course this is good news, the blockchain is not only useful for crypto currency exchanges. this technology will be useful in other fields.
however, if the blockchain develops it will affect the price of bitcoin.

right, the blockchain system has many advantages, so it can be applied in various needs. but indeed with the increasingly famous blockchain, bitcoin will become more famous as well so that there will be many who are looking for profit from crypto

Yes.Truly blockchain technology has brought a lot of advantages not just on a single country but throughout the world.That is why more and more countries today are already attracted to blockchain technology because it will bring transparency to all our transactions just like what bitcoin did.And as long as blockhain technology is alive,bitcoin also will not just easily fall down.

Blockchain is becoming more and more common every day in our daily life. Many businesses are adopting this technology to make work comfortable, transparent and even cheaper. Therefore, I think, having seen how the blockchain makes life easier in one particular country, other countries will follow the example and will also soon introduce technology at home.

Blockchain technology getting supported by countries should be the aim. I understand we are a "bitcoin" community and we would like to see crypto currency get ahead of the times and become very adopted and used everywhere and that would be great. However that doesn't mean blockchain doesn't have a play in this.

Blockchain was what made bitcoin possible and if we could implement blockchain into our daily lives in many different ways than we can make sure everything in our life is as good as bitcoin. Bitcoin is just the way blockchain used for money, we can have this is healthcare, medicine, insurance, cars, houses and many more stuff that would make them better thanks to blockchain. Do not be sad that blockchain is getting more attention than bitcoin, be happy that many more stuff is becoming bitcoins of the world.

Naturally, more and more countries will introduce blockchain technology. After all, these are new technologies for the exchange and processing of data, though not yet completely perfect but still.

The blockchain technology has a wonderful feature,thats very appealing to a lot of Industries,countries etc and in the coming years the blockchain technology would be massively adopted as it affords it's users transparency and a system that is impossible to influence.
Countries may not fancy the bitcoin due to its thread to their national currencies,but they will be more accommodating to the blockchain technology as they could use it for a whole lot of use cases

Naturally, it was what we expect for all this years to start happening. You know what, its still slow, bitcoin had ath before all this interest from big part of the world, you can imagine what is waiting for blockchain in few years when majority of countries accepts and adopts cryptocurrencies. This is only a beginning, there is many things that are waiting to happen with blockchain, with some certainty we can say that in future entire world will be in blockchain in one way or another.

The blockchain technology is now a trend all over the world. It is also a hot topic in all social media platforms. I think it is the beginning of the adoption because more countries are willing to legalize it.

Blockchain Technology can be applied anything you want and help to do transactions, payments, and aggrements easier and faster. Since crypto currencies are at the center of this technology and thay are the first practices, they also offers a lot to us. Just in a few years, practices of this technology will be in our daily life and crypto currencies will become our new tools for transaction and payments.

The world is evolving and therefore there is some adoption happening once they want some changes it is always going to occur. Blockchain is one of the examples that we are evolving in terms of technology about the digital currency. Satoshi Nakamoto is making a big hit which about of his idea of countering the banking system.

What a good news! Ever since South Korea supported cryptocurrency and blockchain technology. As more and more countries supported blockchain, it will not take a long time to take the full capability of blockchain. They can see the usefulness of this technology in other fields such as management and manufacturing. This is such a good news!

however, the support is only in the form of news and in reality there is no development at all on the blockchain they mention, It seems like things like this are only made to lure new investors. The proof ? one thing is some big factory never publish that they make a partnership with them.

Many well known institutions, companies and organisations are already showing their support for blockchain technology. It is a good development seeing some governments supporting the technology. The odd: the support is just for the tech and not for bitcoin or cryptocurrency.

I don't think it is even so for the tech

It is just empty words meant for general and clueless public as we have yet to see a viable application of the blockchain technology beyond cryptocurrencies (I mean actual use). I don't really rule out the assumption that the blockchain may have other applications, but these applications (for example, in the election systems) are more defying to governments than the use of blockchain for cryptocurrencies

i do think blockchain will be a big sector that will support economy in 2022 and as we can see right now there many businesses are trying to use blockchain technology into their businesses system.

Yup, I have to agree with you. They don't believe the technology per se but they see it as a business opportunity that is why a lot of nobodies in the past are creating this crypto-startups hoping to be the next hit or at least be successful in the industry. Blockchain tech is still at its infancy and they are already trying to go from medical records to as far as upgrading the election system which is good if its successful but the problem here is it is really not yet a ready made system which we can use right away, if there are problems after the launch a lot of bad things can happen.

this can be one of the good news because more and more countries have started to support blockchain technology and support the existence of bitcoin and hopefully this can be a good first step to make the price of bitcoin expensive and can make bitcoin prices recover like in 2017 again.

The crypto startups you refer you are likely creating problems out of nothing

That is, at first you create a problem out of thin air (very much like banks create fiat money), then you try to successfully solve it. Well, actually you don't try to solve it as it doesn't exist for real in the first place, but you make it look like its real and urgently needs to be solved. This allows you to ask for grants (if you are a public institution like a university) or turn to fundraising (if you are a startup)

And the blockchain fits this scheme perfectly as it can be advertised as a modern snake oil effective against all current maladies and misfortunes (like poverty, corruption, and whatnot). It doesn't really matter whether it can actually be of help as it is not even planned to help solve anything at all

At the end they are fooling a lot of persons in the process or worst they even try to believe it in themselves that this kind of cryptocurrency can solve this "one problem" in the world, where at the same time they themselves as investors would profit from it. This kind of thing where ICO developers and investors starts to think alike and its what maddens me as at the end even if the crypto fails the developers still cash-ins some money left for them which most of the investors won't even have.

Lately I have been seeing a lot of cryptocurrencies that is focus on preserving Art, saving indigenous people, helping people below the poverty line all of them are tackling problems that will interest a lot of people which increase the chances of a lot of people participating. The problem is how can one coin solve these problems? Even if they reach the target investment do they even go to the people/things they intended it to be? I doubt it. Maybe most of it are just in the pockets of developers right now.

very good and exciting news with the news means that the development of the blockchain and crypto currency is increasingly clear and well developed

The use of blockchain is also getting popular inthe Southeast Asia like  Singapore and the Philippine. The government of the Philippines has already allocated an economic zone exclusively for the fintech and other companies that uses blockchain. Ope that this part of the world will soon catch up with the other countries that are now leading in blockchain development.

Not only payment system alone is where blickchain technology is applicable, other areas where its useful are in chain supply, medicine, sport, electoral process etc I was not surprise to see south Korea taking a major step toward encouraging blockchain companies via some tax waiver or deduction having studied the impact of this technology towards the development of their country  and I hope other Asian countries will follow the foot path of south Korea.

good news if there are some other countries that want to support or use blockchain technology, what else if the country is from Asia. this is the first step, where other countries such as in Europe also have to support or use blockchain technology.

I think this kind of support is to be expected. More and more institutions as well as countries gaining their knowledge about the benefits of blockchain technology, will be heading to the utilization of this tech.

No wonder, many giant companies are silently integrating blockchain in their ecosystem. This is a good development as more demand means increase in value of cryptocurrencies.

More countries allowing blockchain project in many fields and it will be a good future for cryptocurrency market. South Korea is country where crypto transaction is big enough and the people having a good knowledge about cryptocurrency market. More country will following south korea policy in crypto

Didn't South Korea have long supported blockchain technology?
this is obsolete news.
even now blockchain technology is starting to be widely used by several countries in the world and applied to several sectors.

Blockchain is a virtual financial mining operation that has without doubt taken the world by storm. It has become expedient, following forecasts from top businessmen.

Good news and a good start for us crypto people for the year 2019. Who says bitcoin and altcoins are dead? You should take your words back. Bitcoin will continue to grow on other countries and we cant help it. This is the year for cryptocurrency growth and i claim it.

of course that is because nowadays there are already a lot of companies that want to use blockchain technology, so if a lot of countries want to adopt the blockchain it will certainly be fast developing

this technology will be in demand soon in any kind of businesses, here in my country there are lots of establishments accepting a crpyto kind of payment
and in the future there are lots of businesses will adapt this kind of technology in their whole process.

The good news but does not affect the crypto market, just hoping this news can provide a positive sensation for crypto lovers and tech lovers. Hopefully, other countries can also participate in Korea in responding to blockchain technology because this technology is feasible to develop and has many benefits.

Do you have any positive signal to say that? I believe that the value of the cryptocurrency market is prompt to increase during 2019, but this year hasn't started very good. If we aren't to see an increase in the Bitcoin price (a considerable one) during Q1 2019 then I think that the situation will be very difficult for this year as well.

This doesn't surprise me at all. Some of the countries are now an open minded one, who are accepting this kind of technology to somehow boost their economic status. South Korea is one of them. They've come to realized that the blockchain technology is kind a big help in some areas of businesses, merchandising and other fields.

indirectly the state will use tehonologi in the field of the economy and that is blockchain technology and with the development of security and technological technology in the field of economic systems must also change

Better as more and more countries join this more helpful it will be for the world and the fellow countrymen as it opens up a new horizon for both people and the government. Much needed support at this time as this will create a huge set of demand for cypto leading to new fresh rise in the crypto currency.

Governments in different countries are now interested to adopt the blockchain technology because of its importance uses. Actually, there are now countries in asia that are now accepting cryptocurrencies as mode of payment.

I agree with you and adoption and support from governments of blockchain technology is going to help the citizens especially the crypto enthusiast and technologically inclined person.  We hope this will impact the market some days to come.

Surely, more developed countries will adopt to blockchain technology because in this will evolve the financial and technological aspects of the nation's. Not just South Korea but also Japan are doing great adjustments to encourage their citizens to ba aware about blockchain technology.

a very good news or news for the development of crypto currencies if all countries have started to use the blockchain system or crypto currency as economic developments are progressing rapidly, of course

I think if this news is heard by many users, it will certainly affect the market, whatever the news will affect although its small and large effect.
the more countries that adopt or support for blockchain, then the effect will be bigger to the market

Even if it doesn't change the price, it shows that the blockchain is on the advance and that's all that matters. Such news reassure me and give me the confidence that with crypto currencys you don't do anything wrong. Of course I think higher prices are better, but such news makes it easier for me to bear the low prices.   ;)

That is an advantage for them and it is also the best preparation that most countries could do to gain a good profit when the bull market runs. Countries who are getting involved in crypto are the ones who are open for the adoption of cryptocurrency as currency.

That's because blockchain technology should be a 'separate' entity to crypto. Although it is the technology behind, most countries still hate crypto but do accept and embrace blockchain. But it's all good, at least the technology is moving forward and helping nations progress with the help of blockchain.  But don't worry, I'm sure crypto will also be adopted but it's going to be a slow process.

A lot have supporting this technology cause they'll find out that it is beneficial to their people and it help for their financial stability. Though some areas aren't have making crypto as a part of their life due to internet connections but they certainly looking for it in the future and do their governments have making actions for this.

I am sure majority of the countries will enter the blockchain development and research in coming years as the potential is really huge to organize and keep records which cannot be manipulated, even the countries that are against bitcoin and crypto market will spend money on research to build the infrastructure so that they could take advantage of the blockchain technology. The only thing i am looking forward is major countries coming out with clear regulation about the entire market and not to shut the innovation.

even though the development has not been evenly distributed, especially for internet connection, it is certainly an obstacle for the country. but it can be overcome by gradually campaigning and building an internet network

Knowing how large and huge country South Korea is,for sure many cryptonians will be wanting to use that country to be a safe haven for crypto operations,thats really a low taxation for startups and the potential of South Korea to become like japan who’s accepting bitcoin as legal tender is indeed.same as other cryptocurrencies will sure look on this as blockchain technology are spreading the world now.many banks are trying to adopt on this technology also,so its getting nearer to see a world that uses cryptocurrency in their daily living

Blockchain give many benefits for bussiness or government. Banks industry already make announcement they will use blockchain technology and many bussiness must follow this step. The development of blockchain technology will growing and more advance

main benefits if using blockchain technology was operational cost effectiveness.its already proved ,if we see in blockchain explorer, people send millions dollar worth its just take only few cents.and i think we will see another main benefits if adopt blockchain in any field.

I guess there is always the possibilities that there are countries who will totally ban this innovation and who will go hostile on crypto and the technology behind.

Like what we have seen lately, usually it is a country that is developing that tends to embrace this technology because of its huge advantage, specially immutability.  And it only make sense though for developing nations to accept it with very openly because of the potential to help them continue to grow in the next 5-10 years and be first rate nation.

Malta has also good advantage for crypto start ups but with this kind of set of ruling for blockchain related start ups, it will attract and can increase the awareness of it in the country. Countries like South Korea are now totally friendly to blockchain and crypto.

They are often with it and the people's feedback are overwhelming. Positive news all the time but the reality speaks that whatever the good feature that this technology offers, some countries are not willing to adopt it. Hope to see more countries do this.

I observed that more countries are eager to welcome blockchain developments and some of them are planning to legalized bitcoin in the future. In Asia, even China, which is reportedly strict in permitting cryptocurrencies in their area have also to use blockchain for their startup companies. Blockchain technology had a promising future and and adopting it will benefit not only the government and business but also the ordinary people.

Hard for government to ban cryptocurrency market. In internet era, if government want to ban crypto, they should shut down internet in their country and i think its almost impossible. I am prefer think government will take advantages on this market and earn more taxes

The blockchain technology that accompanies bitcoin is considered a very useful discovery because it can increase efficiency in various fields of life.
Developed countries are very open to technological progress, so they are very enthusiastic and apply in their industries, so that the products produced have very high competitiveness.

Well i think it's inevitable that a lot of these countries will have a change of heart the longer this goes. Especially when large companies start using this technology. I won't be surprised if even china will change their stance about crypto.

It’s good to see that there are lots of countries that are showing support to Blockchain and Bitcoin too. In my country, it’s quite a different case. I hardly see anyone talking about Cryptocurrency where I live and the government never talks about it, even if they do, never seen it.

I hope that others who don’t show same support gets to realize the good side of cryptocurrency and the blockchain and begin to show the support too.

Apart from developing countries that are yet to have access  fully to the blockchain Technology, globally to be relevant in Technologically it is neccessary to embrace the technology of this age, with blockchain Technolgy you can be sure to have accurate data storage and can be access with ease,  reason why many countries are embracing the Blockchain tech

well, we are heading to the future which is the digital world so they are just being wise in advancing in blockchain technology. I wish every country has the same kind of mentality which will encourage its people to engage and focus in cryptocurrency. I believe developing and supporting cryptocurrency widely can be a gateway to a financial breakthrough.

yes, of course this is a very good thing, blockchain technology can be used in various field needs, not just fixated on crypto currencies only. but with the implementation of blockchain technology in various countries in the world, I hope that it will have a positive effect on crypto currencies.

Here also in the Philippines, they show support for Blockchain technology. Formal blockchain education offers from educational institutions make the country be at par with global blockchain development.

Check more here: https://www.unblock.news/news/more-formal-blockchain-education-needed-in-the-philippines

of course blockchain will bring crypto currencies to better development. many think that the blockchain is crypto, so indirectly blockchain will promote crypto to be able to join them. so that there will be more demand for crypto, so it can increase the price. and currently many blockchain are used in various agencies

blockchain developtment and adoption in our life could help cryptocurrency price itself.blockchain actually totally different with crypto.blockchain was ledger technology and cryptocurrency one of product from blockchain.

I could say the influence of technology can be feel through cryptocurrency which can be done throughout blockchain alone. The world today's are improving and doesn't like to stop developing much better items or discovery to be used meaningfully by the people all over the world. Not surprising one day we are in legal position of blockchain accessible 24/7 wherever we are.

I have seen a number of countries interested in blockchain technology, even some of the major countries joined. it seems that cryptocurrency is now being looked at by many people. although for now, the market is bad. but hopefully with the support of various countries through several things, it can make the green market.

I don't think that any government will be in favor of the blockchain technology in the near future. What we need to do is we as citizens push some pressure on them that it is something beneficial for all the actors in our society. Only with this way their is a possibility that this innovtive technology will be established faster that it is thought in our systems.

I think more countries will gonna support Blockchain after a several months to come because as I read some news most countries that has a high level of service technology adopt Blockchain. And I think it is probably gonna easy to some people to get to use to it that's why many countries are now accepting bitcoin as a payment.

Blockchain already recognized as good and eficient technology in advance country and i think more country will support blockchain technology. Its good technology because can save a lot cost and make bussiness more eficient

Blockchain technology is one of the findings that is very useful in the application of bitcoin. But it turns out it can also be used to solve problems in manufacturing, trade and services.
Application in industries other than cryptocurrency makes work very efficient in financial expenses, time management and maximizing labor. The products produced have high competitiveness so they can enter the increasingly competitive free market.

Crypto currencies and blockchain are created to keep up with the times and technology and the economic system of course also follow technological developments and in the future will be needed by everyone in the advancement of technology and times

Development country must be want to use blockchain technology because will save a lot cost and make government service more eficient. But the problem with many development country is on internet infrastructure, many peoples in many country dont have access to internet and this is the obstacle for cryptocurrency development

but for now there are still a few who use blockchain technology and I don't think in the future it will provide a guarantee that bitcoin will be applied in all companies because there are still many who are concerned about bitcoin and blockchain technology.

it doesnt need for all the people to have access to the internet before blockchain technology will be adapted on them because they arent the ones who will implement and run it . only higher official such as the government are the ones that will approved it  .  also , majority of the countries nowadays are now internet towers to distribute internet cignal from your devices  .

that's really good news , i hope in 2-3 years again every country will adopt the blockchain technology and support it and become more modern country

yes not all the countries will decline the promotion of blockchain Technology and there are some countries will definitely support for blockchain system to develop much more higher stage so we can trust blockchain Technology for the future.

This certainly is good for cryptocurrency. When countries allow or support the blockchain technology, it is always the same as promoting cryptocurrency even if such country wouldn't be advertising so much about it. This will certainly create new demands and market for its usage. This could be just a signal to lit the fire to a new beginning of the cryptocurrency after the unfavorable conditions in the digital market.

Its true, government must be see blockchain technology can use for any purpose beside cryptocurrency or make government service more eficient. If goverment or country support blockchain technology, more bussiness helped and maybe can help the economy

I heard, many banks started using blockchain technology. and we appreciate that, because with them using it, of course it will have a good impact on cryptocurrency, even though they haven't legalized crypto

if indeed the government of a country understands that blockchain technology can be used in various fields other than crypto currencies. so they can understand that blockchain technology and crypto currency are not as dangerous as they fear.

Blockchian technology is never feared by the government. Mostly they fear the current cryptocurrencies, like BTC and all and the dark or illegal activities performed with cryptos. In my country, blockchian have been accepted long ago before restricting crypto transaction and usage. Though recently it is heard, the government is planning to remove the restriction, including some policies.

Wait! That is a good news for the blochain technology companies in  South Korea and I wish all other countries of the world will follow this amazing this step in the right direction by the South Korean government as that will help the industry.

I read all the news and only at the end was struck by this news:https://www.addisonchurchill.io/thai-citizens-to-cast-votes-from-mobile-devices-courtesy-of-blockchain-technology/ (https://www.addisonchurchill.io/thai-citizens-to-cast-votes-from-mobile-devices-courtesy-of-blockchain-technology/).Thailand is thus becoming an island of real democracy!!!! Guys this is just cool!!! We are witnessing a new round in the evolution of mankind.

Don`t you see, it`s what we talked about here 4 years ago, me personally, and some people talked about that even before me. It`s happening, you can check some topics from years ago and you will see for yourself. Looks like Asia is one step ahead some others, Japan, China, South Korea, Thailand and many others. I see this spreading to other countries, until it conquer the world, there isn`t other outcome in my opinion.

I see many advantages of implementing blockchain technology. This application supports increased efficiency in the company because it applies the principle of decentralization, so that in executing policies can be faster than centralization.
Blockchain is increasingly being applied in countries that adopt technology for progress, both by private and government companies.

especially for developed countries that are ready from all sides. of course the use of blockchain will really help them to complete the work. with all its advantages, certainly there will be efficiency in the company

Lol, how can you say increased efficiency? Heck, maybe even just a central based servers might do good instead of blockchain technology.

My point here is that as much as we love blockchain technology, it might be the best answer for some industry. Those companies whether public or private can only harness this technology if they are involved in large data processing. But if you are in an industry that doesn't need data to make decisions about your business that much, then obviously, blockchain is not for you. You might as well stick to a simple central data.

I believe that blockchain technology is the future, the sooner they realize it the better. In near future, more and more countries would show support to it, as they don't want to left out.

Yes, blockchain technology slowly getting adopted all over the world on different functional sectors. From its early stages of development till date blockchain technology usage keeps on increasing. An important factor that assure with the growth and increasing adoption is the Facebook's statement to use blockchain technology to create its own cryptocurrency for the global usage.

This initiative by the government of South Korea is a laudable one indeed and this would allow crypto enthusiasts to bring together new ideas in using the blockchain technology to develop platforms systems that would help improve the financial industry in  terms of transparency.

Also hopefully, this can also change the mind of the Chinese government in lifting all those regulations and bans against cryptocurrencies.

When more country give support for blockchain technology, I guess that will be a great time to see bitcoin and altcoin will start the mass adoption and in that time, all people will try to learn about blockchain technology, how they can take the benefits from the cryptocurrency, how they can use cryptocurrency for making a transaction, and many else.
Each government will give their permission for their citizen to try to make money from cryptocurrency, and the government will make a regulation for cryptocurrency and who knows, the government will create their own crypto too.
The possibilities to see many countries supporting blockchain technology will be wide open, and it's on the way to go there, and it might happen in the next years.

Right.Blockchain technology will be more adopted soon in most of the countries because of its continuous growth.With the statement comes from facebook,it will surely make a huge increase in adoption knowing the fact that facebook is a good outlet wherein most of the people are using it nowadays.

Actually these governments are interested in blockchain technology and not bitcoin itself. I believe they plan creating their own currencies to benefit themselves from crypto currency, but continuing with the benefits of centralization at same time.
I'm not sure how positive it will be for bitcoin and decentralized altcoins when these countries start adopting blockchain technology. It can be very bad for crypto users, as some regulations are very restrictive, like those in China and India.

Almost all states fully support the introduction of blockchain technology. It completely solves the problem of safe storage and use of large databases online. Even the states that are trying to limit or even prohibit the circulation of cryptocurrency in their countries, and they positively evaluate the blockchain technology. Thus, the Chinese government, which is constantly trying to limit the circulation of cryptocurrency, issues the largest number of patents for inventions using blockchain technology.

yes it is true with the increasing number of countries that show their support for blockchain technology which clearly will be able to make a positive trend on the market, if for the growth of BTTC prices it is likely to depend on their own interest, because there are so many choices of coins to invest in addition to BTC if the demand is bigger on altcoin maybe the price of BTC growth can be quite slow.

Yes, we all know that today world life is colored by online internet, so that inevitably governments throughout the world must keep up with today's technological developments. So that technology will not be missed. And Blockchain is a technology that is currently increasingly popular in the world.

Like here in my country, they are very supportive of the growth of Cryptocurrency South Korea is one economic giant that is very open in Cryptocurrency, soon we will have more countries supporting cryptocurrency and they are giant in economic and in on financial.

So they are OK with the Blockchain technology, but not so with the cryptocurrencies? I am not very excited about this. Either they should accept both of them (because both are intertwined), or they should ignore both of them. And here we have some of the governments harassing the Bitcoin users and at the same time using the Blockchain tech for their own benefits.

Well it's good to know that many countries now is supporting blockchain, Korea is good country and their known about the technology is good so I think adopting blockchain to their country will be more successful for their economy.

The fact that more countries can start supporting cryptocurrencies may not effect on the price of Bitcoin. Nevertheless, it can really make BTC volatility not so great. All will calm down and start taking crypto as the stuff to live and deal with.

I am very supportive if the countries out there have started to support and adopt Blockchain technology for the benefit of their country, so that it can make Bitcoin better in the eyes of the public.

I feel like Korea is the center of innovation in Asian region and Japan comes right after.
It would be a great adoption if big countries with large corporations promote the blockchain technology. Then this is going to bring more users in our networks.

I love to see crypto enthusiasts applying the blockchain technology in various aspects of life and also very impressed about the attitude of the South Korean government in approving the tax reduction for blockchain start ups. No wonder there are so many Korean blockchain start ups in the crypto industry these days.

There are still countries who are against bitcoin or any crypto related field. But somehow, countries that are supportive about it are the ones who are ready to accept the new technology given by this cryptocurrency. South Korea is also one of those who are open for new changes. Hence, making their economy improves more

some Asian countries are really responding strongly to this blockchain industry. I am really happy to witness the good news from major countries supporting cryptocurrency.
In the future, I also hope that China, Vietnam, and other Asian countries will also have such strategies to help startups get more motivated.

Is good that more countries want to try and use blockchain technology, i wish that more companies to try and use blockchain because maybe only on this way we can have mass adoption.

Bitcoin price does not depend on the development of blockchain technologies. Nevertheless, the news that now more countries start using them, is great. It can be one of the reasons for the fastest adoption of BTC.

with the presence of large companies using the blockchain, it will be able to convince the government that has not allowed it. moreover if government agencies have used it, of course the blockchain will develop faster

Indonesia is a country that does not want to lose this big momentum. several major projects have successfully penetrated international markets such as NPXS, HNST. this is proof that the interest in blockchain is very large, the Government is the second target so that the legality of using crypto is getting closer.