Bitcoin in Korea back on track

[coin90]

I am very happy to hear this news. Thought I am sad about Binance that crashed, I still have TRX coin on that platform. Now my coins are gone and I wonder if I will have see it again. Will Binance come back up?

[Washball]

Bithump, a Korean cryptocurrency exchange, stated that with the integration of KYC procedures mandated by the financial services commission, investors can confirm their real identity through accounts at 2 banks in the country. So with the KYC, new and existing investors can go on trading according to the rules of the commission. So cryptocurrencies have nothing to fear in Korea.

[EnormousCoin101]

There is no bitcoin ban at all in korea,they only did that just for them to have full control of the bitcoins and other altcoins circulating in the market,government there is so greedy in terms of bitcoins because people on korea are earning much with this currency.There will be no way bitcoins will be banned in korea and major asian country

Yes government are now slowly adopting the blockchain technology and there is no hard evidence that they will ban these new currency but they are making some ways to prevent people of their country to get away from people who uses bitcoin as front to scam others. in fact Korea made their move to put taxes to their citizen who are involved in cryptocurrency and that means that they acknowledge these new technology.

[teejayrichard2]

this is great news. bitcoin being back in korea shows the bitcoin community really want to stay together and make bitcoin serve its purpose for which its created. am sure other countries soon will adopt cryptocurrency.

[tomahawk9]

Great news for the growth of Bitcoin, and cryptocurrencies, in South Korea.
I feel like Bitcoin in SK has always been very well received by the public, and even the govt, but over the last few months there's been so many negative reports, as well as the spread of misinformation, rumours and FUD that made it look like something bad was going to happen to cryptocurrencies. I feel like all they needed was to enforce these new regulations in order to see a greater acceptance of cryptocurrencies.

[Apes]

Good news, it seems crypto in Korea is getting back on track, as Bithub managed to implement new KYC. Seems like beginning of something huge to me

https://www.coindesk.com/korean-exchange-bithumb-is-accepting-new-users-again/

korea do not want to miss the progress like other big country and I'm very grateful korea did not execute the ban as it was launched last year.. besides that also about this good news I think korea will again make the global market crypto rise..

[dragoz11]

Korea was one of the first countries that turned a green light to the crypto so I the bad news about crypto from Korea affected the market too much and I hope this good news would have more effect in increasing the price of btc.

[Bolt Brownie]

I never understood why there was so much FUD regarding South Korea, because for me it was quite obvious that they were never really thinking on banning crypto. The same thing goes for Russia and India in my opinion, but let's wait and see. I would like to see how the investigations regarding the possibility of inside trading will end. For me, this was just market manipulation, and I hope people will eventually get it.

[Ozero]

South Korea has always been loyal to the crypto currency, and the latest controversial news coming from this country somehow did not link with the country's policy in the field of cryptography. Therefore it is good that the negative news turned out to be false. Someone skillfully conducted the game to lower the rate of bitcoin.

[nguyenhoven]

It's just that some media sources like to rumble words and make it look like something negative comes up, that's why whenever most people read bitcoin regulations they already think that it's the government trying to prevent any growth possible in a certain region/country.

There is no way to circumvent this, is there? Major news outlets will never stop using sensationalist titles for crypto related news, doesn't matter whether right or wrong. And since cryptocurrencies are so prone to be affected by news and social media, I feel like every time some major government wants to implement some new crypto regulation, we are going to experience these price drops every single time.

all markets are vulnerable to speculations. smaller market cap means more vulnerable imo

[RudeeTam]

So now that those power players already sold BTCs and did their FUD now buying back low for another bull run. Can't complain though. Just in it for the ride. Hold while I still can.

[Jating]

It's just that some media sources like to rumble words and make it look like something negative comes up, that's why whenever most people read bitcoin regulations they already think that it's the government trying to prevent any growth possible in a certain region/country.

There is no way to circumvent this, is there? Major news outlets will never stop using sensationalist titles for crypto related news, doesn't matter whether right or wrong. And since cryptocurrencies are so prone to be affected by news and social media, I feel like every time some major government wants to implement some new crypto regulation, we are going to experience these price drops every single time.

Yes, you are right. That's why investors should learn how to differentiate and filter out which one is fake and which one is real news because media has the power to spun everything out of control. That's why during the South Korea and India news about regulations was announced, everything went out of control causing the market to crash.

But if you will just have to read between the lines, both nations did not say anything about banning it, however, the media has sensationalized the news and 'deceived' the public such that it looks like India And South Korea has already put the hammer ban which is not the case.

[Sharcade02]

Good news, it seems crypto in Korea is getting back on track, as Bithub managed to implement new KYC. Seems like beginning of something huge to me

https://www.coindesk.com/korean-exchange-bithumb-is-accepting-new-users-again/

What do you mean back on track? Because crypto had never encountered any hurdle in S. Korea, all of the news about the Banning, etc. is just FUD's.

[1 currency now]

Good news, it seems crypto in Korea is getting back on track, as Bithub managed to implement new KYC. Seems like beginning of something huge to me

https://www.coindesk.com/korean-exchange-bithumb-is-accepting-new-users-again/

That was a waste of time for them. Why did they try to get rid of Bitcoin in the very first place? FUD doesn't last that long if the coin is real.

[zarintasnim]

Its very good news for bitcoin that Korea again give green signal. Bitcoin is modern technology and can not any one stay without bitcoin in modern world.

[batang_bitcoin]

Good news, it seems crypto in Korea is getting back on track, as Bithub managed to implement new KYC. Seems like beginning of something huge to me

https://www.coindesk.com/korean-exchange-bithumb-is-accepting-new-users-again/

Did South Korea get out of crypto once for a while? I don't have any news that they once went out and started to keep quiet. They have been in crypto and never did something that will stop crypto operations there.

That was a waste of time for them. Why did they try to get rid of Bitcoin in the very first place? FUD doesn't last that long if the coin is real.

They didn't get rid of bitcoin, it was all set up and a FUD.

What do you mean back on track? Because crypto had never encountered any hurdle in S. Korea, all of the news about the Banning, etc. is just FUD's.

Yeah this is what I mean.

[Baimovic]

From the beginning there was no plan to ban cryptocurrencies in Korea. It was just a rumor to manipulate the market. Those who made it, took the advantage lower prices.

Korea is just trying to stop illegal activities such as money laundering.

yes, I agree with you, it is only for the benefit of the conspirators, so they not only get benefit, but also they are able to control public perception.

korea just manage and set bitcoin to get better, they support bitcoin to back up and high.

[Doge dealer]

Based on what im seeing in Korea the main issue is tax payments to the state , point is if your making money then Korea needs to be making money too, when you look at all the steps and actions that they have made banning bitcoins dosent seem to be a end result of anyone of those moves , yes they have banned investors from opening new accounts but this is clearly a means of preventing new people entering without having a proper hold on the current players. Infact the threat is to shutdown those exchanges that are not following some laws that they have come up with,  so its clear what Korea wants is regulation and tax collection.

[hydeevanz]

Korea's issue about banning bitcoin was trending last time and it is a good news because crypto currency in their country has back on track. One of the reasons why bitcoin value fell was because of some country, banning bitcoins which include Korea. It was the same case with India which went out to be legalized in their country and can be accepted for transactions. I think, it has one of the factors why cryptocurrency turned out to be controlled causing the market not be crashed.

[juiceannabel]

it is very good news too hear if it is right.
if the fud about korea ban the crypto was right, the bitcoin and other crypto price will decrease.