I heard a weird news, Korean government going to ban Crypto currency exchanges?

[anushkasachith888]

It’s not really that weird. I’m surprised it’s taken this long. You know the US government just took down BTCe in scamcashistan or wherever. The US gov starts looking at the books and realize how prolific money laundering is in bitcoinland. They contact their G20 buddies and let them know that they may need to take down a couple of exchanges in their country too. I think it’s a little too coincidental that all of the countries considering closing exchanges lately are G20 members.

I would like to know which time period that incident happened ? in last year ?

[QuestionAuthority]

It’s not really that weird. I’m surprised it’s taken this long. You know the US government just took down BTCe in scamcashistan or wherever. The US gov starts looking at the books and realize how prolific money laundering is in bitcoinland. They contact their G20 buddies and let them know that they may need to take down a couple of exchanges in their country too. I think it’s a little too coincidental that all of the countries considering closing exchanges lately are G20 members.

I would like to know which time period that incident happened ? in last year ?

I don’t know exactly when it happened. I stopped using BTCe years ago. All I know is I went there around a month ago to ask a few questions in their troll box and this image was there instead.

[stompix]

It’s not really that weird. I’m surprised it’s taken this long. You know the US government just took down BTCe in scamcashistan or wherever. The US gov starts looking at the books and realize how prolific money laundering is in bitcoinland. They contact their G20 buddies and let them know that they may need to take down a couple of exchanges in their country too. I think it’s a little too coincidental that all of the countries considering closing exchanges lately are G20 members.

I would like to know which time period that incident happened ? in last year ?

It started in July, site went offline,  then a guy that was probably involved with BTCe was arrested in Greece, domain was seized, the FBI got access to the database and servers but to be honest I don't have a clue on how many (if) coins were seized also.

You can read the whole drama here
https://bitcointalk.org/index.php?topic=2045453.0

[anushkasachith888]

It’s not really that weird. I’m surprised it’s taken this long. You know the US government just took down BTCe in scamcashistan or wherever. The US gov starts looking at the books and realize how prolific money laundering is in bitcoinland. They contact their G20 buddies and let them know that they may need to take down a couple of exchanges in their country too. I think it’s a little too coincidental that all of the countries considering closing exchanges lately are G20 members.

I would like to know which time period that incident happened ? in last year ?

It started in July, site went offline,  then a guy that was probably involved with BTCe was arrested in Greece, domain was seized, the FBI got access to the database and servers but to be honest I don't have a clue on how many (if) coins were seized also.

You can read the whole drama here
https://bitcointalk.org/index.php?topic=2045453.0

People live with fear in the Crypto Market, It approves this type of incidents. even small technical issue enough to leave the market soon, Fear makes you a panic seller.

[olubams]

The same way Op has read the news, so also we have read as well but while we are waiting for the real ban to happen, others are spreading the panic which has equally affected the market in no small measure and recovery seems a more difficult thing to happen every day despite the hope that it shows. News like this to me, are just signals for everyone to retrace his steps and understand whether the path of choice is something to be reviewed or continued in it.

[chocopie999]

The Korean government's decision forced banks to face a tougher test of their relationship to the number of transactions. In addition, holders of anonymous e-money account are required to disclose their identity or be fined.

[Drunkenhorse]

I think you read some fake news. I mean, they can do that  generally, but never heard such a statement from official sources.

[bigmaster23]

There might be a slight significance that it will affect again the price of BTC because before China also had the same news and do you know what happened to BTC it fall to 10K$ and When the Japan said that it would pay to their employee a BTC for about 4 to 2 weeks and what its result I just don't know what exactly happen to that but it aims is to have a better understanding at virtual currency but it also affect the price of BTC but that time it rose the price of BTC in Feb.

maybe this current event their dealing with will affect BTC somehow.

[Granslam]

Korean government allegedly shuts down bitcoin for a purpose, they are protecting their citizens for they think that it will just pop out of nowhere one day. They are trying to banned it i guess for a while to cool the overheated market of cryptocurrency. Korean's government actions resulted to big deflation of the bitcoin's price, after setting the new regulations to it i think they will bring it back.