[BREAKING NEWS]: South Korea to Legalize Bitcoin!!!!

[epitome]

Another country to want to legalize Bitcoin, maybe it will not affect so much to the markets and investors but when a county starts to accept Bitcoin, that will attract  investors to make investments in Bitcoin.

The bitcoin Asian market is really huge and if you look at the volumes in trade you will understand and with bitcoin being legalized i am pretty sure that it will attract more investors and business in this platform and it might increase the price of bitcoin as you might see more investments coming in solely because of that. I just want to see how the market reacts this month as we are going through a tough phase ,not in totality but the bull run has settled for now.

[Yanisumin]

As we can all heard in the news, Bitcoin is being legalized by countries one by one. I wonder if the news is really credible or it is just made to have a hype but still it might come the time that South Korea will really legalize Bitcoin. This will have an impact to some people because they will be aware of how Bitcoin is becoming a currency to some countries and it's popularity will bloomed, the problem here is the regulation of that country to btc. It still depends on how they will regulate btc. I hope that some countries who will follow Japan's footsteps will regulate btc as good as Japan or else there is no use if it's the same old brand new system like the fiat. It's good to have bitcoins but it's sad to think that government will make it like the fiat again.

[kpcian]

What a great news for South Korean people specially Bitcoin holders, so far I know Japan was the first country to legalize Bitcoin ever. South Korea is the second of this list, it's a new era of this platform. Hopefully it'll become a number one virtual currency in the future...

[Vishnu.Reang]

I would believe this story when I see some official communication from the government of South Korea. "On the verge of legalizing" is not the same as "definitely legalizing". Nowadays, most of the crypto-coin news sites are after sensationalist stories, and they can twist the facts or hide some of them.

[Hamphser]

Lol @ all of these [BREAKING NEWS] clickbait titles recently. At least they are usually interesting.
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Even though im a newbie i do agree on what you have said ive been observing this kind of thread or topic titles are clickbait and i dont know if this is true or not.If its true then its good that gradually countries to decide to accept and legalize bitcoin which means adoption is on progress and expected for the price to go up anytime soon which is really a great news for us bitcoin holders.

[skorupi17]

This hot news is currently breaking on all the wires. South Korea is on the verge of legalising Bitcoin. Fill your bags...

https://www.cryptocoinsnews.com/south-korea-preparing-legalize-bitcoin/

Updates to follow as we receive them...

South Korea added to the waiting list.

I was saying this type of scenario when Japan started accepting Bitcoin as a mode of payment. Based from my previous deductions, Japan triggers the wide acceptance of Bitcoin in the Asian countries. And the current news about legalization of Bitcoin in India and South Korea just justified that my claims is true. Bit by bit, country by country, Asian countries are starting to recognize the potential of Bitcoin. And by this happenings within just months, no doubt that we will not wait any longer and we will see Bitcoin soar up high like a rocket in the sky.

[prashanta]

I would believe this story when I see some official communication from the government of South Korea. "On the verge of legalizing" is not the same as "definitely legalizing". Nowadays, most of the crypto-coin news sites are after sensationalist stories, and they can twist the facts or hide some of them.

wow, i think so like you but i say if this is true so the south korean will get a new era of cryptocurrency world that was a dream who hold or buy sell bitcoin from their country. its great announcement of them. but I confidently tell that bitcoin is to be legalized in the whole world today or tomorrow & your comments also appreciable.

[Betwrong]

I would believe this story when I see some official communication from the government of South Korea. "On the verge of legalizing" is not the same as "definitely legalizing". Nowadays, most of the crypto-coin news sites are after sensationalist stories, and they can twist the facts or hide some of them.

wow, i think so like you but i say if this is true so the south korean will get a new era of cryptocurrency world that was a dream who hold or buy sell bitcoin from their country. its great announcement of them. but I confidently tell that bitcoin is to be legalized in the whole world today or tomorrow & your comments also appreciable.

I don't think the news about South Korea's intentions to legalize Bitcoin were only on crypto-coin news sites. Yes, if google the news it looks like that's true. But don't forget that we google it in English. Most likely if we were googling it in Korean we'd have different results.

[johnwest]

I would believe this story when I see some official communication from the government of South Korea. "On the verge of legalizing" is not the same as "definitely legalizing". Nowadays, most of the crypto-coin news sites are after sensationalist stories, and they can twist the facts or hide some of them.

wow, i think so like you but i say if this is true so the south korean will get a new era of cryptocurrency world that was a dream who hold or buy sell bitcoin from their country. its great announcement of them. but I confidently tell that bitcoin is to be legalized in the whole world today or tomorrow & your comments also appreciable.

I don't think the news about South Korea's intentions to legalize Bitcoin were only on crypto-coin news sites. Yes, if google the news it looks like that's true. But don't forget that we google it in English. Most likely if we were googling it in Korean we'd have different results.

The thing is it's only a bill and we all know how fast the governments process them. South Korea is in like a crisis for some time now and it's not a good time for them to regularize BTC and start telling people to make use of it. It may be beneficial for many but its better for the government to be stable before passing that bill.

[Netnox]

I would believe this story when I see some official communication from the government of South Korea. "On the verge of legalizing" is not the same as "definitely legalizing". Nowadays, most of the crypto-coin news sites are after sensationalist stories, and they can twist the facts or hide some of them.

wow, i think so like you but i say if this is true so the south korean will get a new era of cryptocurrency world that was a dream who hold or buy sell bitcoin from their country. its great announcement of them. but I confidently tell that bitcoin is to be legalized in the whole world today or tomorrow & your comments also appreciable.

I don't think the news about South Korea's intentions to legalize Bitcoin were only on crypto-coin news sites. Yes, if google the news it looks like that's true. But don't forget that we google it in English. Most likely if we were googling it in Korean we'd have different results.

There is still no confirmation about the news, and the Bitcoin exchange rates are going down for the past 2-3 days. If the news was true, then there could have been at least a 5% spike in the exchange rates.

[BitHodler]

There is still no confirmation about the news, and the Bitcoin exchange rates are going down for the past 2-3 days. If the news was true, then there could have been at least a 5% spike in the exchange rates.

People like to hype up and exaggerate everything, while in this case everything is still in the 'preparation phase', if I may believe certain news sources.

It might very well be just a proposal rather than something that is being prepared. In most cases articles get poorly translated and as result will spread wrong/false information.

[olushakes]

This hot news is currently breaking on all the wires. South Korea is on the verge of legalising Bitcoin. Fill your bags...

https://www.cryptocoinsnews.com/south-korea-preparing-legalize-bitcoin/

Updates to follow as we receive them...

Anyone who is because of news like this put what he cannot afford to keep long term might find out that he might have to wait longer than the walk to freedom because of the fact that government coming does not happen within a short period of time and this same thing filtered the web last month or thereabout about one other country wanting to legalize bitcoin but rather than increase in price that was expected as a result of that, the opposite happen which is still recovering till date

[Tyrantt]

I just knew it that South Korea would be the next country to completely legalize it, can't bother to search for my comment right now.

But  what less would you expect from one of the most technologically advanced countries. I can see Japan and some EU country like Norw or Swe accepting bitcoin.

[coinmore_org]

Governments need to be advised properly and hopefully we will see more of this type of news (i.e. Bitcoin acceptance on a National/Governmental scale).

[Alphabit]

This is more sweet than bitter as it elevate the rates of btc, then a chain reaction to the other crypto's. Let's hope we all make enough money before the regulations kick in.    

[bitcoinvestor]

I am all up for major countries legalizing bitcoins as long as the prices dont come crashing down due to their regulations, which will eventually benefit the government instead of the people.

In my opinion when more countries legalize bitcoin the price will not down because there will be more people who don't know bitcoin become certain that bitcoin is not ilegal. After that, they have strong trust to bitcoin. It means that more people will buy bitcoin. As suply and demand law the bitcoin price will go up.

[malikusama]

The popularity of bitcoin is increasing day by day and the countries with the sensible leadership knows the worth and advantages of bitcoins that's why they are legalizing bitcoins in their countries. Waiting for the day when all other countries will do the same.

[MBW_2]

I am waiting for Russia and Ukraine to legalize bitcoin as payment method. If this governments can follow same path, imo this decision will have big impact on other governments.

[JL421]

This would be a good news but after the current hack many investors may now be scared to invest as it is natural no one wants to lose their money and the recent hacks creates rumours that south korea may actually change their decision to legalise bitcoin which can have a great impact on thw overall market

[onrise]

This is very good news as another country is legalizing the bitcoin. I hope many such other countries join this so that it will have a huge positive impact on bitcoin in its price and demand. Also the real value in utilizing in buying various day to day commodities will increase with he bitcoin as a payment mode.