GOOD NEWS!!! South Korea on BITCOIN

[bitkid015]

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

[ganjasmokingg]

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

That really is a very good news. Many countries around the world are attaching great importance to cooperating with some altcoins in the Crypto market and accepting its appearance in their country. This is a sign that Cryptocurrency is a very potential market and it will grow strongly in the future.

[bitkid015]

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

That really is a very good news. Many countries around the world are attaching great importance to cooperating with some altcoins in the Crypto market and accepting its appearance in their country. This is a sign that Cryptocurrency is a very potential market and it will grow strongly in the future.

That is why I am supporting blockchain technology since 2 years ago. Ups and downs I'm still standing strong about it

[TranTrongit]

The world is gradually accepting bitcoin and crypto.  This is good news for the crypto market.  I hope in the future many countries will follow Korea.

[ys fs]

woow it good news, hopefully with the joining of south korea will bring a better impact, and will advance the bitcoin, and also will make the bitcoin price back better......

[bitkid015]

The world is gradually accepting bitcoin and crypto.  This is good news for the crypto market.  I hope in the future many countries will follow Korea.

Here in the Philippines they started to study regulating bitcoin but with precautions, but still its a good news that they want to know more about it.

[steampunkz]

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

This is expected because of flaunting use of bitcoin in the whole world Korean governments needs to take a move to ensure that they are a 3rd world country too. I dunno if this is the effect why bitcoin price suddenly jump again.

[bitkid015]

woow it good news, hopefully with the joining of south korea will bring a better impact, and will advance the bitcoin, and also will make the bitcoin price back better......

I was waiting for the wall street to enter the market, when its happened the market cap will be tripled or even more.

[babyday88]

As far as I know the Korean government recognizes cryptocurrency as the legitimate industry
In some cases, the Financial Services Commission and Financial Supervisory Services have admitted that the government does not want to regulate the money market because it fears domestic investors will understand that it is the way Legalization of the government's electronic money market.

However, after consecutive security and offensive incidents, the Korean government realized that it was time to regulate the market and disclose the plan to regulate the electronic money exchange platform as well as the bank. to protect investors and their property.

The introduction of new anti-money laundering rules aimed at the Korean government's electronic money exchange platform is seen as the first step by the authorities to regulate the country's electronic money market. properly.

In the coming months, local governments will work with both banks and exchanges to better structure the market.

[bitkid015]

The South Korea taking their move on regulating Bitcoin.

The government’s stance and actions thus far indicate an interest in encouraging blockchain technology and the growth of cryptocurrencies, but not at the expense of safety and security. Stated one trade ministry official:

"Any major reversal in policies is unlikely, but the government seems to believe a gradual shift in attitude toward crypto-based assets is needed. What regulators should do is figure out how to regulate them properly and prudently as Korea needs to put more emphasis on blockchain technology after obtaining knowhow and understanding of the possible flipside of cryptocurrency trading."

Read the full report: https://bitcoinist.com/south-korea-moving-towards-cryptocurrency-acceptance/

This is expected because of flaunting use of bitcoin in the whole world Korean governments needs to take a move to ensure that they are a 3rd world country too. I dunno if this is the effect why bitcoin price suddenly jump again.

I don't think that this is the reason why the price jumped up again, because in India there's so many FUDs that is going on right now. Their banks is totally anti crypto lmao

[bitkid015]

On the other hand Republic Bank of India stays strong on banning crypto currencies: https://www.ccn.com/local-crypto-exchanges-are-circumventing-indias-new-bitcoin-ban-heres-how/

[bitkid015]

As far as I know the Korean government recognizes cryptocurrency as the legitimate industry
In some cases, the Financial Services Commission and Financial Supervisory Services have admitted that the government does not want to regulate the money market because it fears domestic investors will understand that it is the way Legalization of the government's electronic money market.

However, after consecutive security and offensive incidents, the Korean government realized that it was time to regulate the market and disclose the plan to regulate the electronic money exchange platform as well as the bank. to protect investors and their property.

The introduction of new anti-money laundering rules aimed at the Korean government's electronic money exchange platform is seen as the first step by the authorities to regulate the country's electronic money market. properly.

In the coming months, local governments will work with both banks and exchanges to better structure the market.

You're right, Korean Government always have a positive insight about blockchain industry and bitcoin.

[pooya87]

the news doesn't read positive to be honest!
it is talking about two things, investing in cryptocurrencies and the blockchain technology! the first one is just for taxation purposes because there has been a large volume (most of which has been fake) on Korean exchanges and the government wants his share. and the second one has nothing to do with bitcoin or even cryptocurrencies. it usually ends with the government creating their own centralized cryptocurrency!

a good news would have been if they adopted bitcoin as a "legal way of payment" so that they recognized bitcoin for what it really is, a currency.

[wiik]

This type of news used to trigger pumps on bitcoin back in the days . However , that quick jump to the top hurt bitcoin itself . I guess a slow and steady growth is more healthy for bitcoin . Cryptocurrency actually benefits the people of small countries , i hate it when country like India doesnt want cryptocurrency for their people . Its just sad to know that , i dont know what their reason for it i wont care anyway . So big YES for south korea for not banning Bitcoin / Cryptocurrency !

[bitkid015]

the news doesn't read positive to be honest!
it is talking about two things, investing in cryptocurrencies and the blockchain technology! the first one is just for taxation purposes because there has been a large volume (most of which has been fake) on Korean exchanges and the government wants his share. and the second one has nothing to do with bitcoin or even cryptocurrencies. it usually ends with the government creating their own centralized cryptocurrency!

a good news would have been if they adopted bitcoin as a "legal way of payment" so that they recognized bitcoin for what it really is, a currency.

I'm still positive on that day when they accepts bitcoin as a legal way of payment

[bitkid015]

This type of news used to trigger pumps on bitcoin back in the days . However , that quick jump to the top hurt bitcoin itself . I guess a slow and steady growth is more healthy for bitcoin . Cryptocurrency actually benefits the people of small countries , i hate it when country like India doesnt want cryptocurrency for their people . Its just sad to know that , i dont know what their reason for it i wont care anyway . So big YES for south korea for not banning Bitcoin / Cryptocurrency !

The people in India is having a trouble right now because of their central bank banning all cryptos. I really feel sad for them.

[m3k1]

On the other hand Republic Bank of India stays strong on banning crypto currencies: https://www.ccn.com/local-crypto-exchanges-are-circumventing-indias-new-bitcoin-ban-heres-how/

Given more than 70% of Indian work in informal economy, I would guess they would be more receptive.  

[MilesTZv]

This is the best news I've seen lately. Maybe that's why the market has risen in recent days.

[jeffer8035]

if the koreans already have a high knowledge in cryptocurrencies I think they are the ones that have more weight in the bitcoin community since they have bought a lot of them and it is good that the government is being more permissive when opening the market to its citizens no doubt this will have a good rebound in the prices of bitcoin and more dynamic adoption of the Asian market

[bitkid015]

The world is gradually accepting bitcoin and crypto.  This is good news for the crypto market.  I hope in the future many countries will follow Korea.
 

I believe that Russia is on it too