Bitcoin ban in South Korea

[xypos]

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?  

Nope. It seems like south Korea is looking at the possibility of banning ICOs. They still consistently have one of the biggest volumes for a single country with bitcoin trading with the leading exchange Bithumb. I don't think that they will be banning bitcoin at all, or at least anytime soon.

Even if bitcoin was banned from South Korea then it'll just go on fine.

Bitcoin is decentralized, it doesn't need support from government.

[1715535073]

1715535073

[1715535073]

1715535073

[1715535073]

1715535073

[pawanjain]

I really don't know why people take it so seriously. They have banned ICOs right, so let it be. There are still plenty of coins out there waiting to be invested in. ICOs were started just a few years ago and Bitcoin was out there from several years ago. It is absolutely Okay if the ICOs are banned.
Bitcoin will still be there and survive the wave. ICOs lead many scammers to scam people and the ban on ICOs is obviously a good decision as it will stop people from scamming others.

[dieselmeister]

where do u get that information. Korean just ban only ICO from THEIR COUNTRY. Korea people need bitcoin if have war with north korea

[GatotKaca]

the news it's right, but that news doesn't affect on the bitcoin prices, because the news is only about prohibiting ICO instead of bitcoin, so no need to be taken seriously.

[josephinerosdy]

korean just a little group who interest on crypto world
if that's true, so what?
who cares about south korea government banned bitcoin.
there is no effect on bitcoin price
 

[pooya87]

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 you haven't heard anything like that. maybe some random person trolled you or it is possible that you read something but saw something else
what they have banned is the ICOs and they will continue to ban it, other countries will also ban ICOs and this has nothing to do with bitcoin and it never had.

the future of bitcoin is rising as you can see the price is going to the moon now

[mdripon]

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?  

We don't know if South Korea  end up banning ICOs altogether. but if banning ICOs be market low.so do not effective for bitcoin market price.

[xuan87]

No it's not banning Bitcoin but Korea and China are banning ICO and I think there will be a lot of country join to ban ICO, but banning ICO won't too affected with Bitcoin and if the news of banning Bitcoin is true you will see huge price falling because of the panic sell and there will be a lot of news in this forum

[Jaya912]

If its truth, i am pretty sure that it will affect to the bitcoin price getting lower. Maybe In another country also will affect to do the same to ban btc. But i hope it will not happen since many of bitcoiner will get lost of their trading of bitcoin.

[sheamus10]

I think, bitcoin is not banned in korea country but only ICO is prohibited its use in their country. if for an impact on bitcoin, I think bitcoin will remain strong despite the widespread negative news.

[traderethereum]

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?  

korea is not banning bitcoin but only banning the ico like what china did. bitcoin still have a bright future as bitcoin can solve everybody problem in financial. as far as i know, korea approving bitcoin to be use in their country and this is like japan did for approved bitcoin too. i think you need to read again in other site and you can found that news is not true so you don't have to be worried and don't panic like others.

[baedrill]

They are banning ICOs, which are completely different from Bitcoins. Similar news from China made Bitcoin value plummet, so I am glad this did not make significant waves. I guess South Korea is not a big enough market.

[kevoh]

No, south korea never banned bitcoin. What is been banned are the Initial Coin Offerings. There has been sudden surge of ICOs raising funds but sometimes many seem shady like ponzi schemes, hence the need to curb ICOs in South Korea.

In the meantime, bitcoin does not seem to be fazed by the news anyway.

[ecnalubma]

Most major countries today starting to crackdown and banning ICO's I'm infavor of it. In my opinion they should regulate it instead of banning them to give way for real investments. Governments should practice proper mechanism to investigate ICO's whether who's in or out, So that every fundraisers is aware of regulations and abide with the government rules.

[Kyraishi]

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?  

Korea has not banned bitcoin.

What has been banned however are actually ICOs, which China has already done so. Is it really going to affect ICOs? I don't think so since Korea isn't really known to be a very big ICO investing country at all, and if Koreans want to invest in ICOs they still can through many workarounds.

Even if they actually banned bitcoin, bitcoin network will still survive into the future since it is decentralized.

[TagaMungkahi]

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?  

South Korean Government did not ban bitcoin , please try to research this before asking. They just banned the ICOs which Chinese Government also did but unlike Chinese Government , South Korean Government still did not ban bitcoin.

[crismass1225]

I dont think South Korea will ban Bitcoin in there country as I know they have also have large amount of traders and holders. Maybe they will Ban ICO as like China did to determine scam ICO and to avoid Money laundering. Well even South Korea decide to ban bitcoin it is fine as bitcoin dont need support from the government because it is decentralize. Plus if more countries banning ICO bitcoin price and demand will increase so we bitcoin holder will have more profit out of it...

[christian07]

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 think this is not a big deal in the price of bitcoin because see the price now when china leave its only a small percent down price but now it came back little by little so dont worry about south korea im sure everything will be ok after they leave,for now think to retrieve there attention again here in bitcoin so they will came back

[Karpeles]

Is this a serious topic or a joke?

South Korea didn't banned bitcoin, only put more regulation, and nothing close to what China is doing.

Crypto scene is kind of fishy lately, I must admit

[eaLiTy]

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?  

There is an ICO ban in South Korea,what i am surprised to see from the recent Chinese ICO ban is that whenever people hear about an ICO ban they come to a conclusion that bitcoin is banned in these places,is it that hard for these people to understand the difference  between an ICO and bitcoin and as usual the market went down on hearing that news and recovered after hearing that Japan has given license to several of its crypto currency exchanges.