South Korea putting an end to trading through cryptocurrencies

[Kprawn]

The South Korean government can do what they want, Bitcoin is here to stay. Whilst other governments embrace Bitcoin and

reap the benefit from extra taxes {VAT & Capital Gains}, the South Korean government have to deal with people dealing in

Bitcoin on underground markets and also losing tax income from people who are spending their BTC in other tourist

destinations. So you earn bitcoins online, visit another country where it is accepted and spend it there.     

[yoseph]

The South Korean government can do what they want, Bitcoin is here to stay. Whilst other governments embrace Bitcoin and

reap the benefit from extra taxes {VAT & Capital Gains}, the South Korean government have to deal with people dealing in

Bitcoin on underground markets and also losing tax income from people who are spending their BTC in other tourist

destinations. So you earn bitcoins online, visit another country where it is accepted and spend it there.     

They are denying their citizens a very good opportunity by doing so and i know there are a lot of local cryptos in the country, maybe the government is banning it so that the citizens will be able to invest in the locally made cryptos there.

[darkangel11]

Price falling because South Korea Bitcoin unlist but i'am quiet, it's a temporary incidient like happened for past, noone can block Bitcoin its is a super solid coin and soon the price will recovery  

What are you talking about? There's no ban and there are no setups for it. First a bill has to be proposed then it has to get the majority of votes...
Currently there's no bill! No bill = no ban!

The South Korean government can do what they want, Bitcoin is here to stay.

Exactly. There was a ban in China and what? In the meantime we could watch BTC reach another ATH. So, while a huge country has closed its exchanges the price and interest went up! Even if they banned it it would be a temporary setback, but let's say it again, they are not banning it.

[shaheer001]

Is South Korea is whole world? no wait for little time Bitcoin always take off make surge and then fly again so wait for some days more. Bitcoin is still at very strong position.

[cosmoo]

That's the reason why Bitcoin began to fall few day ago. I don't think that South Korea is great loss for our crypto world.