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Author Topic: Good news!  (Read 1803 times)
captin crunch
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January 25, 2018, 07:34:46 AM
Merited by ajochems (1), silent17 (1), gakadem (1)
 #1

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?

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ChickenDuck
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January 25, 2018, 07:53:03 AM
 #2

Yes, for sure this is a good for BTC and crypto world.

https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/?utm_source=[Suspicious link removed]&utm_medium=facebook

Hey guys good news here. Hope this will affect bitcoin price and it will grow up. What do you think?
DarLim11
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January 25, 2018, 07:55:25 AM
 #3

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.
dysbulias01
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January 25, 2018, 07:59:18 AM
 #4

I Think it really good news , i wish many countries make this rules for who the one wanna join in bitcoin Wink .
Especially for invest..
xiaopang11
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January 25, 2018, 08:00:45 AM
 #5

I think this is good news, which shows that the south Korean government recognizes the legitimacy of bitcoin.
Although there are some disadvantages, the overall aspect is good, which is conducive to the development of bitcoin.
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January 25, 2018, 08:06:53 AM
Merited by bitcoinvamp (1)
 #6

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 korea really trying to manipulate the people who are using bitcoin or any other cryptocurrency. In this way they can manage to see all the transaction that their people made and they can easily put some tax on their transaction, well anyways, I think it's still a good news because they will not ban trading anymore in their country.

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kier010
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January 25, 2018, 08:08:23 AM
 #7

i get the some point why korean government want to ban cryptocurrencies. one is prevent money laundering and fraud because some exchange don't require user to register their personal info. second to collect tax from this local exchange sites. this is good news to korean to those that are not doing bad things.
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January 25, 2018, 08:09:19 AM
 #8

Wow ... this is really very good news for us who are involved in the world of crypto,
korea started a good start for us and hopefully many other countries like south korea that permit bitcoin to legally exist between them.
this is a good signal for crypto growth I think in the future there will be many countries that accept crypto and if that happens I am sure will greatly give positive effects to bitcoin and other coins as a very valuable asset.

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January 25, 2018, 08:11:27 AM
 #9

A great news indeed. Based on what I read on the article above, In an estimate, "South Korea accounts 20 percent of the bit coin trades world wide." So it is safe to assume that this change will have a big impact on Bitcoin and its current value. I can't wait to see the Bitcoin price back up gain. Smiley

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January 25, 2018, 08:12:27 AM
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I am sure of that. ^^, I hope bitcoin will fly as high as clouds.

batang_bitcoin
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January 25, 2018, 08:12:54 AM
 #11

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.

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dvbcrypto
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January 25, 2018, 08:13:39 AM
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I believe btc prices will rise again, but will be slow and steady.
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January 25, 2018, 08:16:44 AM
 #13

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 closer to how regulation is expected to work.
Yes, to avoid money laundering and such, giving up anonymity is necessary when working with financial instruments. (This is why I think that the wallet should not be the one publicly visible, but nobody's perfect)

Well done Korea, great news, finally!

alihassan99
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January 25, 2018, 08:17:05 AM
 #14

indeed a good news. This is a really good work by the south korea government to allow the bitcoin trading. This will help more people to adopt the crypto currency. I think every government should take step like this because governments have no solutions to stop them. So its better if government adopt some good rules regarding crypto currencies.

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Rollesto
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January 25, 2018, 08:23:26 AM
 #15

It such a great news indeed. Having this kind of news will be a great effect to the other country having this kind of currency which is not yet legal. Having some countries that allows cryptocurrency to go in the system will be a great step for the other country to legalize there cryptocurrency also . Especially if those countries allowing those kind of thing is one of the richest country worldwide.
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January 25, 2018, 08:25:18 AM
 #16

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?

No ban but regulation, just as expected. Governments want to collect taxes, not to kill this goose laying golden eggs.
Linh Ga
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January 25, 2018, 08:27:00 AM
 #17

The price of bitcoin is going to downfall and have sign is rising. I hope The price of bitcoin won't downward . I am holding so much bitcoin  Sad Sad Sad Cry
chocolaty
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January 25, 2018, 08:32:07 AM
 #18

It is good to hear that countries like Korea is finally adopting the cryptocurrency market. This is a good opportunity for aspiring investors and traders, and the fact that it is timely, its approval makes it relevant to this generation. I don't see anything wrong with real names used for trading since the government will take responsibility of moderating it. I think the reason behind this condition is to make sure that all transactions made are legal and are not violating any law and ofcourse to keep track of people who trick others.

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January 25, 2018, 08:40:32 AM
Merited by bigmaster23 (4)
 #19

It is a good news, however it will turn bad for those whom at the trading business having 24.2% of income taxes at their platform. Thus it is only possible with the real person with a real name bank account written on it.
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January 25, 2018, 08:51:26 AM
 #20

A great news indeed. Based on what I read on the article above, In an estimate, "South Korea accounts 20 percent of the bit coin trades world wide." So it is safe to assume that this change will have a big impact on Bitcoin and its current value. I can't wait to see the Bitcoin price back up gain. Smiley
Considering that investors will accept to convert their virtual bank accounts to real-name bank accounts, although some of the main features of Bitcoin is being decentralized and pseudo-anonymous. So in their case, if they want to continue trading cryptocurrencies in their country, they have to accept these new regulations that their Government imposed. Assuming that they will, there will be a huge possibility of a price surge again for Bitcoin as per stated in the article that 20% of the Bitcoin trades worldwide are accounted in South Korea.

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