Korea now talking positively about bitcoin

[empoweoqwj]

Yeap South Korea is very Internet Friendly so am not surprised they cottoned on to the Bitcoin Idea plus Indians are also very Tech Savvy so it is about time we had new players. If BTC Trading was dominated only by Europeans and the Chinese then it would be like an open market war..We need some balance as to where all this coin is going to.

Agreed. South Korea could be a huge market depending on regulation. Not so sure about India though.

Japan is very quiet?!?

Japan was one of the first. MtGox is there.

I know where MtGox is but how many Japanese people actually trade bitcoins? Very few.

[DeathAndTaxes]

Yeap South Korea is very Internet Friendly so am not surprised they cottoned on to the Bitcoin Idea plus Indians are also very Tech Savvy so it is about time we had new players. If BTC Trading was dominated only by Europeans and the Chinese then it would be like an open market war..We need some balance as to where all this coin is going to.

Agreed. South Korea could be a huge market depending on regulation. Not so sure about India though.

Japan is very quiet?!?

Japan was one of the first. MtGox is there.

I know where MtGox is but how many Japanese people actually trade bitcoins? Very few.

Exactly MtGox is simply in Japan because the founder is in Japan.  It probably was in MtGox financial best interest to relocate out of Japan years ago.

The JPY for example is one of the least traded currencies against the Bitcoin.

According to bitcointy (numbers rounded for brevity), the trade volume in the last six months:

Code:

USD 10.0 M BTC
CNY  3.5 M BTC
EUR  0.7 M BTC
PLN  0.2 M BTC
AUD  0.1 M BTC
CAD  0.1 M BTC
GBP  0.1 M BTC
JPY  0.1 M BTC
RUB  0.1 M BTC

11 other = rounding errors

[cbeast]

South Korea followed Chinese... No bitcoin in Asia

That leaves North Korea. Kim Jong-un will be the richest man in East Asia.

[QuestionAuthority]

Interesting, too bad Matthew isn't still around. It would be fun watching him take credit for introducing Bitcoin to Korea. lol

[teukon]

Don't forget, Koreans love gambling even though gambling is generally prohibited (there are some government-blessed exceptions).

[battlescars]

I enjoy seeing this, the more countries encourage this the better, but i dont see this happening.

Countries wont encourage people to use bitcoin, they would encourage people to use real money, we see that in commercials 24/7.

either way there is always a deeper message.

[niktitan132]

I like how they advertise bitcoins to people there. 

[empoweoqwj]

South Korea followed Chinese... No bitcoin in Asia

That leaves North Korea. Kim Jong-un will be the richest man in East Asia.

South Korea does not follow the Chinese. What a stupid statement.

And there are more countries in Asia than South Korea and China ......... I can list them if it will help you.

[Honeypot]

Pillsbury dough boy will be swimming in fried chickens and flinging pieces to his pet dennis rodman before the year is out.


MARK MY WORDS.