Is Korea official banned all trading cryptocurrency?

[coin163]

That's CNBN spreading the FUD: https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html
Last time i saw a crash this intense, it went low btc went to 12k
it triggered whale and bargain hunters auto buy triggers and things flew back up to sky.
I bets gonna happen again.  These are price maniluations... there are groups of guys out there who sell a ton of all same time, then it triggers stop loss and more sells happen, then price goes down so low it triggers more causing this gigantic hurricane of free fall
Then it turns around , rich load all in at bottom and the rich go buy few  more islands

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[Aleuro]

This is when you're suppose to buy the dip.

[ollamalitzci]

Some type of bill to ban all cryptocurrency is being proposed it seems.

[Lingqingyi]

Today because of the uncertainty of the south Korean policy led to encryption in the money markets fell, the end of August of last year the Chinese government to take measures are also led to the encrypted monetary market is falling, it makes me feel scared.

[Blackfurysm]

It's just their justice minister said that they are preparing a bill to ban cryptocurrency trading. So as you say it might be just whales speculating and somehow sending signals to frighten traders and start a wave of selling.

[sarfwr]

Today, I have seen a lot of posts about the closing exchanges in Korea. Don't need to worry too much about this issue. In this half month, the increase is too big, so the correction is completely normal.

[coin163]

I think if you look at three months trends or even one month, we are better off
So maybe we should switch to monitoring the market only for crashes.
And Korea Auth want to charge taxes

[Coinky]

Now South Korean market is biggest Crypto Market in the world.They are growing crazy and driving the prices up.40% of Koreans have investing their life savings in cryptos.It will be disastrous if the prices fall

[pooya87]

there is always some kind of bill being prepared to suggest banning of cryptocurrencies. in fact i have seen such bills in almost all countries. the other day someone here said we should ban bitcoin and cryptocurrencies just because they don't match our financial system and another one said we should adopt them ourselves in the central bank so that we don't fall behind.

none of these matter until the court accepts them and then turn into law.

[tkhalilz]

That's CNBN spreading the FUD: https://www.c[Suspicious link removed]m/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html
Last time i saw a crash this intense, it went low btc went to 12k
it triggered whale and bargain hunters auto buy triggers and things flew back up to sky.
I bets gonna happen again.  These are price maniluations... there are groups of guys out there who sell a ton of all same time, then it triggers stop loss and more sells happen, then price goes down so low it triggers more causing this gigantic hurricane of free fall
Then it turns around , rich load all in at bottom and the rich go buy few  more islands

I read the news about S Korea parliament discussing a ban on trading. Not sure how far it is true or why but if it is, I think the markets will take a hit. Not for long because demand and new entrants from all over the world is significant. I have been getting so many people requesting me to buy BTC for them because they cant open accounts on exchanges. Most exchanges are now upgrading their systems to cater for the huge increase in number of people. Lets see.

[bakerlisa510]

Yes, recently the famous cryptocurrency exchanges such as Bitumb and Coinone were investigated on tax basis by National tax Service in South Korea. A huge number of regulations are also taking place there. We all need to understand the basic that, these cryptocurrencies are unstable; their rice grows and drops constantly. there is no such consistency on all these cryptocurrencies but when it comes to the technology, we just need to understand the power of blockchain and appreciate it.

[cryptokingmaker]

Korea officially taxed bitcoin investors for 24 percent on their transactions

[BobbyCoins]

It's for sure not banned because Samsung is in production of mining equipment which is sold first to South Korea, than China and so on... this implies that China is not intendet at all to ban crypto-mining & trading!
https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/