south korea no plan to ban crypto exchanges

[topper26]

https://www.ccn.com/south-korea-no-intention-ban-cryptocurrency-exchanges-finance-minister/

i am sure many knew this just posting some info for newbies to hodl strong!

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[Nick Abimanyu]

Good news. Hopefully this is true, and based on their own conciousness, although the cryptocurrency he integrates, amounts to very little.
With there is this good news, at least it can give spirit and hope to the holder of crypto.

[cindygirl]

It would be nice if there was some further clarity on this. All the article quotes is one line from what I assume to have been a lengthy talk or speech. I'm sure there would have been more said than that which was reported. Hopefully this can dispel some of the concerns of some people who sold out and at least remove one bit of the FUD. Crypto has been in need of some good news and if this gets reported wider and in greater detail it can do just that.

[UnDerDoG81]

That FUD made the market crash. Now it´s official that its not true. But the market does not react. Did Wall Street and other wales used that FUD to crash the price?

[Palmerson]

It seems to me that the current fall in prices is a consequence of the intervention of the big players of wall street into the bitcoin market. They reduce the price in order to buy the maximum amount of coins at a low price. This means that a downturn can last a long time. I'm ready for it.

[oegarod]

It is a great news for every bitcoin user. South Korea being a large market for Cryptocurrency taking regulatory measures have affected the value of bitcoin to this extent. It hasn't made any ban, but has allowed users to trade after revealing their identity and several other procedures. It helps in the growth of cryptocurrency.

[dlhylton]

Yes, you are right. South Korea has no plans to ban cryptocurrency trading. What it wants to do is crack down on fraudulent ICOs and illegal exchanges. The main exchanges like Bithumb will not be affected, even though many people including the mainstream media believe that it will be. South Korea is taking the right steps in my opinion to protect unsuspecting consumers. South Koreans are too into crypto for the government to ban it. The people wouldn't allow it. Unlike China, South Korea is not a communist country. It's more loose. The people have more power. Cryptos will not go away there, though temporarily, through regulation, there may be downtimes at times.

[richardsNY]

Newbies are already over that. Bloomberg yesterday made old news gain ground again due to their "mistake" with the dates regarding Bitfinex and Tether. It's like there is an  artificial influx of 'bad news' articles to make the price fall down badly. It's literally one article after another that pops up, which can't be seen as coincidence anymore. It just shows how desperate whatever entities are if you think about it -- it's almost like a desperate attempt to open positions below $10k, where their main target is probably lower, but people aren't cooperating. Those who end up selling couldn't handle the pressure anymore, and will buy back when the price goes up again, but of course by paying that premium.

[MainIbem]

https://www.ccn.com/south-korea-no-intention-ban-cryptocurrency-exchanges-finance-minister/

i am sure many knew this just posting some info for newbies to hodl strong!

There has not been the intention to ban, but rather they sort for ways to regulate and impose tax on cryptocurrency gains.

[jhenfelipe]

Seems that most people focus on the FUD. Even there are news like this, it was just like an ordinary news, unlike when you post the other way round (eg. South Korea will Ban Crypto Exchanges), people give more attention/reaction/action to it.

[dothebeats]

AFAIK they are only targeting ICOs and not exchanges which would be grim for our South Korean traders if that happened. Also, Bithumb still has a huge volume, and if their government really is persistent in shutting down these exchanges, the trade volume would be absolutely low as other traders situated in there have already moved their funds somewhere safe. A huge FUD, and it really helped in crashing the market, and I know for a fact that some traders cashed this one out.

Seems that most people focus on the FUD. Even there are news like this, it was just like an ordinary news, unlike when you post the other way round (eg. South Korea will Ban Crypto Exchanges), people give more attention/reaction/action to it.

Thea beauty of the English language--one word can change everything especially the news.

[beskid]

Now I'm completely confused!  This is already the second good news (the first is about the drop of commissions for bitcoin-transactions thanks to the SegWit protocol), but the market does not react to them and bitcoin continues to fall. In late 2017, the crypto market reacted with instant ups and downs to the news. What happened now?

[Nosk]

It can just be momentum, let's wait a reaction for another week.

[audrey12]

Switzerland and Japan plan to adopt crypto economy then South Korea have no plan to ban crypto exchanges it seems good news for the market but despite of this good news the value of cryptos most of all bitcoin does not appreciate nor recover from its previous high price. Does the market reacts base on demand? or we should base it on how countries will support cryptos before it pump again.