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Author Topic: Can I trade bitcoin when i am in Korea  (Read 12 times)
kenler
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March 02, 2018, 05:44:28 PM
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Hello everyone,
I will come to Korea and stay for few month. I wonder if i can trade bitcoin when I stay in Korea?
I know that Korea ban foreinger from trade bitcoin, but if i dont trade on Korea's exchange but Bittrex, poloniex...?
Anyone can clarify for me?
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player514
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March 02, 2018, 05:47:54 PM
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Hello everyone,
I will come to Korea and stay for few month. I wonder if i can trade bitcoin when I stay in Korea?
I know that Korea ban foreinger from trade bitcoin, but if i dont trade on Korea's exchange but Bittrex, poloniex...?
Anyone can clarify for me?

I'm not 100% sure about the situation in Korea in relation to cryptocurrencies, but this article claims that South Korea hasn't banned exchanges (https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-says-no-plans-to-ban-cryptocurrency-exchanges-uncovers-600-million-illegal-trades-idUSKBN1FK09J).

Here's a quote that I found that cleared it up for me: "'There is no intention to ban or suppress cryptocurrency (market),' Kim said, adding the government’s immediate task is to regulate exchanges."

If they're regulating exchanges, it's possible that they might not allow for their citizens to trade on popular exchange platforms right now, I guess. Also, if they ban you from using outside exchanges, I would suggest not using them; the government might be able to trace something back to you if you're dealing with a lot of money.

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