Good news!

[xiaozhang11]

I think it's a very good news.
The south Korean government officially recognizes the legitimacy of bitcoin.
So the bitcoin transaction is protected by law, which will help the development of bitcoin.
You can get more people involved.

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[shulio]

Regulations that occur are better than, regulation rumors. So the crypto currency investors will know what will happen if they make investment in crypto currency and this will make positive effect to price of Bitcoin.

[quocsi]

Yes, that's good news for bitcoin. Korea is no longer banned from bitcoin. It is good news for bitcoin users in Korea in particular and for bitcoin users in general. Certainly bitcoin will recover quickly and it will increase again

[owengtam09]

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

I think it would really affect bitcoin price. For sure this year we will experience another ATH's after $18k last ATH's. Hope this will help everybody to believe again in bitcoin especially big investors.

[cosmoo]

Yeah, I think the price will go up after that. When some country accept Bitcoin it's always good for cryptocurrency world.

[emmmmm]

A tax on bitcoin and cryptocurrency is clearly a good thing.
Taxing legal, because the Korean market for the encryption of money market is huge, when they are going to close the exchange proved to be a fake news, the whole market will restore confidence, so the price of the BTC will rise again.

[giveen]

This was going to happen one day or another , i mean bithumb has the most volume in the world and many other south korean exchanges have the highest volumes which is surprising as it is mostly in one particular country and not international.
The reason behind this is surely the upcomming elections the government doesn't want to any dissatisfaction among it's people that's surely the reason for this move. I completely support it as it will have a healthy impact in the future.

[MrFeasible]

Thats a real good news the korean government gave a green light for the bitcoiners there. Although there is a catch, only the people with real name are allowed to tradeo perform any transactions.
Another downside the government will also impose taxes on local cryptocurrency transaction.
I just learned that 20 percent of bitcoiners in the world are from south korea.

I don't think some kind of regulation is necessarily a bad thing. Regulation means stability and less volatility, hence more investors. I also can't see how the major governments can make crypto illegal, as so many major players (think Microsoft, Deloitte etc) are already bought in.

[dado7]

Well, for Bitcoin this is a good thing. Not so good for Monero (privacy being the main advantage there ).
My question for discussion is - how important is the privacy here actually?

[artmen007]

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

This is what a real democratic country.
People collected signatures and the government will reconsider its decision. Good for the Koreans. Not that other countries do what they want not the one asking. I hope that other Countries will follow this example.

Tax believe that is too great percent 10-12 percent of the profits I stress - that's fine. Because the market is very risky and at any moment you could lose everything.

[CoinOnTheBeach]

and everything is green again

[Don Pedro Dinero]

Regulations that occur are better than, regulation rumors. So the crypto currency investors will know what will happen if they make investment in crypto currency and this will make positive effect to price of Bitcoin.

Yes, although the law makes impossible anonymity and to avoid taxation (using exchanges), it is better to get it finally regulated so everybody know what will happen. The alternative is a ban, and in some cases there will be worse regulations.

[Ranly123]

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

Even it has some restrictions, still a great news for the South Koreans that are dealt with cryptocurrencies. But I can see some disadvantages on this,

1. It says that virtual banks to real-name bank accounts - in regards to being decentralized and anonymous, users can no longer hide their identity.
2. Taxation will be implemented accordingly.

Advantages
1. South Korea FUD will be gone.
2. Massive pump.
3. Legality can be followed by other countries as well.

Restrictions are made to let people know that government still exist. Yes there are rules to be followed and if people obey, then that will be good for cryptocurrency since it will be legalized by government like for example in korea. Though the government will take taxes but it will be for the people in their country as well.

[dewi91]

Finally I heard a good news. I trust in the future many countries in Asia Will follow to legalize bitcoin including my country, just need a time until that happen. I really don't understand if any country chose to ban bitcoin, whereas bitcoin can provide a lot of profit to those.

[matthewogus01]

Yes, that is good news especially with all the negative news on the regulations of Bitcoin, we see something that is beneficial. These along with other news in the global market can easily affect the price of Bitcoin, which contributes to Bitcoin being extremely volatile. A strategy is to look at Bitcoin news to determine the price fluctuations of Bitcoin if you decide to invest or do trading and this will help you in the long run with financing in terms of earning in Bitcoin.

[Juggy777]

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

This is a mixed news I would say, we all knew this was going to be the end result, Koreans have way to much money into Bitcoins, and they were never going to ban it. This is a classic example of winning a war, but with high casualties.

1) the very basic principle of Bitcoin was and is anonymity, now it'll be very easy for the authorities to know who owns how much. Which kills the function why Bitcoins was created.

2) The government shall nicely earn additional tax, and in case funds shall be stolen they'll say not their responsibility. Again it's a loss.

Considering that Korea is a huge market for Bitcoins, the victory has come at a huge cost, cause other countries could follow their lead and that shall be disastrous in the long run.

[Peperi]

Yes that's really good news for Bitcoin! I think it shows that South Korea is open-minded and wants to evolve with its generation.

[adiarsent]

What I think about guys, bitcoin is getting more and more of the demand ni and the future price may be up as well yes and who invests keep the spirit 

[jaaeeeyyyy]

This is what i expected form the past happenings in korea.
They will just add regulations on it and not a total ban to bitcoin, they just notice how cryptocurrency are so active in these past few months specially on asia's country.
I hope this will also happen to Indonesia and China that they will just put rules and tax on it and not phasing out of bitcoin to their country

[marcuslong]

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=dlvr.it&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?

This would be a good and great news for us, as Bitcoin users/earners. As Bitcoin being more popular, i think thar the Bitcoin's demand will be affected and it will cause the Bitcoin to increase it's price and value. There will be more Koreans will use cryptocurrency like most specially Bitcoin, as their mode of payment in nany transactions over their country and outside South Korea.