Bitcoin ban in South Korea

[lighpulsar07]

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
 If banned then What's the future of BTC now?  

No. bitcoin isn't banned in south korea they are just banning the ICOs in their country to protect it's citizens from those fraudsters and also they are putting regulations in bitcoin exchanges ordering to use kyc or verification on their customers

[Aventhe]

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
 If banned then What's the future of BTC now?  

As far as I know, China only banned ICOs and not Bitcoin as a whole. I am still unsure about the whole situation with the Bitcoin exchange sites and whether they have been banned too or not. I guess I still need to conduct further research in that area.

Bitcoin is still emerging as a transaction method for countries and businesses alike. Since the government doesn't want it, it will be highly unlikely that they will provide support for businesses who use bitcoin. We still have to wait and see. As for Korea, I have not read anywhere that it has been banned.

[Asgar 9]

North Korea is a totalitarian state. I'm not surprised that there are problems. countries such as North Korea always have a negative attitude towards what is capable of making a person more free.

[wellsontheja]

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
 If banned then What's the future of BTC now?  

I doesn't heard about south korea will ban bitcoin what i hear is korea ban ico. Well is btc banned at south korea i think even if btc got banned at south korea it's will not cause too much trouble.

[Halcyon Days]

After China, South Korea is next. Other countries will definitely follow up on the ruling of ICOs, as they somewhat got out of control, especially with the raise of Ethereum. I wonder, what Japan will do, especially after all the positive news about accepting BTC and initiating exchanges.

[szpalata]

After China, South Korea is next. Other countries will definitely follow up on the ruling of ICOs, as they somewhat got out of control, especially with the raise of Ethereum. I wonder, what Japan will do, especially after all the positive news about accepting BTC and initiating exchanges.

Japan will do nothing, I don't think the supposed ban will have any negative impact on Bitcoin as its price is gradually increasing every hour. If it has had any impact at all I guess we'd be feeling the ripple effects by now but the opposite is the case.

[Collinslevi]

As ICOs increase in quantity and scale, they’ve attracted the attention of government regulators in various countries. This year alone, ICOs have raised nearly $2.3 billion in funds so far, according to Coindesk ICO tracker data. China banned ICOs earlier this month, saying that they disrupted the country’s financial order. The ban comes after South Korea noticed that “raising funds through ICOs seem to be on the rise globally” and domestically, the Financial Services Commission said in a statement after meeting with the national bank, tax, and finance officials, according to Reuters. After all, ICOs can range from serious attempts to build more digital currencies to more risky plans that resemble pyramid schemes, according to some financial experts’ analysis in the past. In addition to banning raising money through ICOs, Korean regulators may exact more measures to control cryptocurrencies after continuing to monitor the situation.

[Marry Finch]

South Korea did not intend to prohibit bitcoin and other crypts, and it is unlikely to do so in the future. There it is forbidden to conduct ICO with a view to its further regulation. This information should not cause condemnation or panic, since ICO regulation must be carried out in order to avoid unjustified risks in its conduct and protect the rights of investors.

[budi691]

What does South Korea do, similar to what is done with China, Singapore and Indonesia. However my view is, They just forbid transactions. They think will disturb their economy and finance. But the transactions of fellow bitcoin users can still be done.

[JohnBitCo]

Korea did the same as china does. They didn't banned bitcoins they decide to banned ICO. Everyone become mad after this news. But people are in china and south Korea still using bitcoins but the ico is down. We need to see things in a border way and think out of the box. Bitcoin will continue to live even after these bad news.

[bamboylee]

I do not get why they confuse ico with bitcoin. They are very different thing. And most icos are in etherium because of smart contract. Are they trying to spread FUD so that bitcoin price will drop again? I hope not and I hope newbies can spot this already.

[judaspriest]

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
 If banned then What's the future of BTC now?  

correct. but no significant impacts occur, I see the development of a conducive market and tend to be stable.

[Alaminshaikh]

Maybe its not true.Bitcoin didn't ban in south korea .yes  I'm reading news.

[captainhera]

BitCoin banned in South Korea?
Please give me a legitimate and trustworthy source
May mods in the forum administrators may be more rigorous in the registration information
All information influences the cryto currency market

[rexona]

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
 If banned then What's the future of BTC now?  

I look forward to this moment. but there is nothing in the course of time, I have been monitoring and want to know what will happen. but apparently korea is not a real threat that adversely affects bitcoin development.

[Btcvilla]

I have recently heard that after China Now South Korea Ban Bitcoin too...is that truth???
 If banned then What's the future of BTC now?  

what happens to rumors of Chinese ban so impacts crypto and bitcoin, but what happens to korea, is not surprising. I think this will not happen any market is so stable and there is not anything strange.

[1l1l11ll1l]

not forbid bitcoin, but ICO. I think it's a bit common, I guess it's because of the same issue (the number of ICO projects scam). I do not really know the news yet, but I hope the bitcoin does not get much impact.

[iram1011]

BitCoin banned in South Korea?
Please give me a legitimate and trustworthy source
May mods in the forum administrators may be more rigorous in the registration information
All information influences the cryto currency market

Relax, it is not Bitcoin ban but ICO ban and that news is 3 days old. Bitcoin price did tumble that day but price is bullish since then and looks like market doesn't care much for ICO ban by South Korea. It is still an announcement though but sources are legitimate.

South Korea won't be banning Bitcoin. They are just like Japan when it comes to adopting new technologies. ICOs lost faith among governments because of their spammy nature. Many countries will follow the same suit in future for safeguarding public interest.

[spadormie]

Did they? I don't think so. No countries during these days banned bitcoin in their own country, only ICOS. They referred it as a scam act of many people. So they decided to ban it fully. Lucky for my country they did not ban any of these. Still, bitcoin is running, ICOS are still running. We can still invest in ICOS and that is the best part in living in a country like this.

[Denies]

the two countries look compact, initially china and now followed by korea. I became asked, is it possible that this is their strategy to drop the bitcoin value.!