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Author Topic: [2017-06-25] Six Legal Issues Bitcoin Faces in South Korea  (Read 3055 times)
sheld0n (OP)
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June 25, 2017, 04:19:38 PM
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South Korea currently has no regulations regarding bitcoin, even as the digital currency has gained immense popularity following its recent price spikes. Lawyer Kim Kyung Hwan outlines the six most important legal issues surrounding bitcoin in the country.
Kim is a lawyer, patent attorney, and tax accountant in South Korea. He is also a member of the National Assembly Secretariat which provides support services to lawmakers such as legislative research and administrative supports. In 2015, he was selected by the Ministry of Commerce, Industry and Energy to receive the Industrial Technology Protection award by Korea Internet & Security Agency (KISA).
https://news.bitcoin.com/six-legal-issues-bitcoin-faces-south-korea/
iamTom123
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June 25, 2017, 05:08:09 PM
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While there is already a big market in Korea for Bitcoin and am sure also for other digital coins, the government is still taking a vacation for its official recognition and the laying of ground rules that everybody can use in transacting with Bitcoin. However, since there is already that start in the discussion am sure that soon there would be decision which can help the country be part of the leader-board for cryptocurrency use and adaption.

Japan can be the best inspiration for South Korea. Koreans are known to be industrious and intelligent and they can channel those qualities into cryptocurrency. One day we can see many fintech start-ups sprouting in South Korea and by then North Korea can be smoking with envy.
Taki
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June 25, 2017, 08:30:37 PM
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While there is already a big market in Korea for Bitcoin and am sure also for other digital coins, the government is still taking a vacation for its official recognition and the laying of ground rules that everybody can use in transacting with Bitcoin. However, since there is already that start in the discussion am sure that soon there would be decision which can help the country be part of the leader-board for cryptocurrency use and adaption.

Japan can be the best inspiration for South Korea. Koreans are known to be industrious and intelligent and they can channel those qualities into cryptocurrency. One day we can see many fintech start-ups sprouting in South Korea and by then North Korea can be smoking with envy.
I doubt North Korea even know about bitcoin, maybe just some heads from the government who follow the world's economic situation, but ordinary citizens surly NO. But Japan reached the real progress in bitcoin and crypto-currencies adoption. As we know South Korea has kinda a dance battle with Jupan about who is cooler. I think that factor will promote crypto adoption in South Korea.
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