South Korea says no plans to ban cryptocurrency exchanges

[henke1]

South Korea Finance Minister Kim Dong-yeon has reaffirmed that the government will not ban or otherwise “suppress” cryptocurrency in the country, according to a statement reported by Reuters today, Jan. 31.

https://cointelegraph.com/news/south-korea-finance-minister-confirms-no-ban-on-cryptocurrency
https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-says-no-plans-to-ban-cryptocurrency-exchanges-uncovers-600-million-illegal-trades-idUSKBN1FK09J
 

[kimochidesh]

South Korea has legalized regulated cryto trading. That mean You need to submit KYC and complete other necessary formalities to persue crypto-trading. This is really a very good news for crypto-enthusiast all around the world. This step has also encouraged the Korean investors to invest in crypto's freely and fearlessly.

[darkfox12]

One FUD problem down, only China, Europe, India, the US, tether and whatever else FUD to go!

[RamonBTC]

It’s not surprising as they don’t really need to as they’re just strictly regulating exchanges and that is for the protection and insurance of its legality that will benefit the South Korean investors. It will also boost the demand as the government providing the safety precautions that is badly needed in cryptocurrency as many are using it legally or for that same purpose.

One FUD problem down, only China, Europe, India, the US, tether and whatever else FUD to go!

Eventually those FUD won’t be effective if we ignore them as weak hands are panicking.

[alyssa85]

One FUD problem down, only China, Europe, India, the US, tether and whatever else FUD to go!

The next FUD is going to come out of the G20 meeting - will they or won't they "tighten up", "regulate", "ban" cryptocurrency!

[joebrook]

It’s not surprising as they don’t really need to as they’re just strictly regulating exchanges and that is for the protection and insurance of its legality that will benefit the South Korean investors. It will also boost the demand as the government providing the safety precautions that is badly needed in cryptocurrency as many are using it legally or for that same purpose.

One FUD problem down, only China, Europe, India, the US, tether and whatever else FUD to go!

Eventually those FUD won’t be effective if we ignore them as weak hands are panicking.

These governments actually know the benefits that they can gain by regulating cryptocurrencies but I sure do hope that’s the last problem we are going to have with these countries threats of bans.

[globe-biz]

So if the Ban from South Korea was not real then why is the price still down. I think the big people the whales use these excuses or fud stories to justify damaging the price to buy and pump and buy and pump, all controlled.So that means now is time to buy we have a double bottom and btc is not dropping 

[yugyug]

So if the Ban from South Korea was not real then why is the price still down. I think the big people the whales use these excuses or fud stories to justify damaging the price to buy and pump and buy and pump, all controlled.So that means now is time to buy we have a double bottom and btc is not dropping 

Just relax mate, this is what we called the correction factor something like to neutralize the hype and to prevent market congestion and to prevent bubble. If you still have patience, why not just wait for another 2 months to recover the bitcoin price. This is the normal cycle of the bitcoin price so no need to worry.

[Xenrise]

I've also heard this article and I believe that this event should affect the price of bitcoin. I hope it might help bitcoin retain its way on going up. Because when Korea announced "ban" of bitcoin, the price dramatically goes down.

I really hope this would be a betterment for bitcoin. And right now the volume of bitcoin in bittrex became high. A great vision for an uptrend of cryptocurrencies.