Bitcoin in Korea back on track

[bitfocus]

Korea never banned Bitcoin, they just want more transparency which is eventually good - when any government proposes tax on your Bitcoin Profit (as Israel) - it means they just legalizes it in the other words.

[jossiel]

I don't know how this thread come up generalizing Korea back on track? When did Korea set its feet out of crypto / bitcoin?

Korea never banned Bitcoin, they just want more transparency which is eventually good - when any government proposes tax on your Bitcoin Profit (as Israel) - it means they just legalizes it in the other words.

Yeah I haven't read any legit news from Korea or South Korea to be exact that they have banned bitcoin.

now the market is starting to move up, lots of crypto that turns green.

It's not the real reason why the market is green now, this news came up few weeks ago so probably the uptrend is due to the move of circle.

[gabmen]

Korea never banned Bitcoin, they just want more transparency which is eventually good - when any government proposes tax on your Bitcoin Profit (as Israel) - it means they just legalizes it in the other words.

Yeah and they're implimenting a couple.of regulations that may nit sit well with some traders like having their information registered with their account. Though its a lot better than having an actual.ban and it, in a way, makes it safer for their citizens who are trading

[Casabrandy]

Korea never banned Bitcoin, they just want more transparency which is eventually good - when any government proposes a tax on your Bitcoin Profit (as Israel) - it means they just legalize it in the other words.

Yeah, and they're implementing a couple.of regulations that may not sit well with some traders like having their information registered with their account. Though its a lot better than having an actual.ban and it, in a way, makes it safer for their citizens who are trading

Those times they banned it, they just made some rules and studying it maybe they see that there's a benefit for it, they will just restrict more now.soon many countries will remove the banning since they will identify its importance.

[Akarbb]

https://www.reuters.com/article/us-crypto-currencies-southkorea/south-korea-keeps-investors-guessing-on-cryptocurrency-regulation-idUSKCN1GB0GO

We are not quite trough yet. Subject is still under investigation. The goverment seems quite open towards blockchain technology and cryptocurrencies. However a lack of transparency in whats is really going on (money laundring, tax evation, etc.) makes them think about regulating the market. Time will tell!

[Sevarchik]

Its good news, by this reason maybe crypto start moving forward from yesterday.
probably they are superstitious, and the death made them think

[binghope]

Rumors a few weeks ago that Korea has issued bitcoin bans. But these are just rumors that are not real, those rumors have seriously reduced the bitcoin price. But the reality is that Korea only offers more stringent policies in bitcoin deals in their country. They have no intention of stopping the bitcoin. Because of this reason, bitcoin prices have increased again.

[BitChief]

Rumors a few weeks ago that Korea has issued bitcoin bans. But these are just rumors that are not real, those rumors have seriously reduced the bitcoin price. But the reality is that Korea only offers more stringent policies in bitcoin deals in their country. They have no intention of stopping the bitcoin. Because of this reason, bitcoin prices have increased again.

Yes very excited to see Korea move past all of this, Korea is very far in front of the west in terms of cryptocurrency adoption. It would be good to see some constructive regulation out of the area so the country and continue to lead.

[Allan Ramanda]

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.

I agree with you, korea deliberately take advantage of these rumors. and this is good news, I'm sure in the near future, bitcoin will recover. and now is the right time for you to buy.

[Nakaba]

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 has no intention to ban cryptocurrency, they just want to regulate it to avoid money laundering and avoid scam. They just want to protect their citizen from opportunist that tries to rob the investors money. Only corrupt country would try to ban Cryptocurrency.

[GalaxyWorld]

I was not moved by the rumors. The things I read will have to select and summarize my experiences. And in this market too, you should not completely believe in what you read. It is because of the people's movement of rumors that caused the market to fluctuate.

[romandos86]

Korea has really huge bitcoin market, so it's excellent news if bitcoin back on track!Maybe we will see raise of price!

[ylnar123]

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/

More like a cryptocurrency nation is alive again. Hoping that korea will continue to support cryptocurrency as it has been a big factor on its growth. Korean government did an awesome job to prevent bitcoin and other cryptocurrency from being down while helping their citizen choose which way they want that they could earn a decent amount of money.

[crisnel26]

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/

I think bitcoin was never removed from korea because the value only takes a dump not only on their country but through out the world. So i think the price was now getting back and you should change the title as bitcoins price is back on track.

[Schultz88]

This a very good news for bitcoin market, the trend will be back and getting better. This is the time that market will show a positive trends. Korean definitely a modern country that seems have no problem in cryptocurrency issue.

[Albert211994]

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.

Anyway, it is still good news since this will put the mind of those weak hands at peace. Having written news that it is just regulation they are after will put the ban FUD at bay.

[Davidbee]

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/

Yes, I think it's a good news about bitcoin. South Korea accepts bitcoin, which can be legally traded in South Korea. People can know that bitcoin will be banned from trading in South Korea.

[taxmanmt5]

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/

Great news and thanks for share with us. Bad news was appearing again and again and disturbing bitcoin's price since December. Maybe due to this reason bitcoin was surfing with some problems. The price was dumping ,After 2 month i heard good news. Its now in track south Korean will using bitcoin and in result bitcoin demand increase which can lead its price 20k to 30k.

[gamechangers]

This is a good news. Korea seemed like a country where so much strict regulations on cryptocurrencies was emphasized. I am in support of regulating cryptocurrencies in order to prevent financial crisis but selfishness must not be involved.
Many will be happy about this development.

[kangbasir]

I think the number of South Korean community support responded directly by making an online petition, then post the petition on the site of the South Korean Presidency. Recorded in the petition, it has been endorsed by approximately 170,000 names, over the ban of digital currency may make the carousel to be used for cryptocurrency and make the market recover