Confusion with Korea's Crypto Policy

[adzino]

There is nothing to be confused about. The South Korean government does believe that bitcoin has its own economic value. They did not ban bitcoin or crypto currency nor are they against crypto currencies. All they did was ban anonymous trading at exchanges. That means you will have to verify yourself and give out your information before you can trade crypto currencies.

[Slark]

This Korean FUD is causing us enough troubles. i hope thing wil get better soon...

It is more apparent that the FUD is caused by the people who couldn't interpret what is going on and instead panicked.
The same happened later with Indian declaration that Indian Government will take a closer look at the illegal usage of Bitcoin.
There is nothing to be confused about - South Korea decided to follow the path of regulation and embracing cryptocurrencies, instead of fighting with it.