GOOD NEWS!!! South Korea on BITCOIN

[Shreek]

with a positive signal from korea, I think this is what causes the BTC price to rise 10%
because users from korea have bought BTC, and they get permission to have BTC
I am happy to hear this news, and look forward to other countries to immediately legalize BTC

[bitkid015]

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

Maybe yes maybe not, there's still so much FUDs coming from India because their Central Banks banning crypto.

[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.

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

yeah i didn't mean to say it is bad news. i meant to say it is not that big a deal.
in any case for some countries adoption of bitcoin is like taking baby steps! they first start by talking about banning it then see they can't and there is more benefit in regulating it, then the regulations start and eventually after a couple of years they will have no choice but accept it as a currency.

[Faeton]

Yes, South Korea is going to regulate the crypto currency and this is very good news. Especially it is good that in this country are going to adopt a regulatory act on the regulation of the ICO process. This type of activity has long been to be regulated by the states, since this activity attracts the attention of many scammers because of the possibility of collecting large amounts of money. This greatly undermines the popularity of the crypto currency.

[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

yeah i didn't mean to say it is bad news. i meant to say it is not that big a deal.
in any case for some countries adoption of bitcoin is like taking baby steps! they first start by talking about banning it then see they can't and there is more benefit in regulating it, then the regulations start and eventually after a couple of years they will have no choice but accept it as a currency.

Don't worry I really understand what's your point mate, I know that we are going through a lot before having a 100% adoption. And that adoption may have a bad news like taxation I think.

[ice18]

If more countries will regulate bitcoin and other crytocurrencies then Im sure more users will likely to use and experience on how to use blockchain technology because you cant control the future of digital coins and its coming no matter what.

[aileenc]

I hope a lot of countries should follow South Korea. The Korean government is being more permissive when opening the market to its citizens. Hopefully, this will lead to more dynamic adoption of the Asian market.

[Catch-22]

In South Korea, the good news on bitcoin keeps coming. Their government really knows what is good for their citizens. Leaders of developing nations should take note.

[bitkid015]

If more countries will regulate bitcoin and other crytocurrencies then Im sure more users will likely to use and experience on how to use blockchain technology because you cant control the future of digital coins and its coming no matter what.

Regulation is the key 

[bitkid015]

In South Korea, the good news on bitcoin keeps coming. Their government really knows what is good for their citizens. Leaders of developing nations should take note.

Unlike India, they making the life of their citizen so miserable

[mucutkeren]

I hope a lot of countries should follow South Korea. The Korean government is being more permissive when opening the market to its citizens. Hopefully, this will lead to more dynamic adoption of the Asian market.

[Juggy777]

This is going to nuke the bitcoins prices to the top as South Korea is a major player in the bitcoins market and any positive news will skyrocket the prices. Though I'm not a big fan for regulations but considering it's better than a ban I think this move will have major implications in the upward movement of the prices and I'm sure we shall see instant results.

[bitkid015]

This is going to nuke the bitcoins prices to the top as South Korea is a major player in the bitcoins market and any positive news will skyrocket the prices. Though I'm not a big fan for regulations but considering it's better than a ban I think this move will have major implications in the upward movement of the prices and I'm sure we shall see instant results.

The real nuke will be the Wall Street. I really hoping for it to happen 

[Pursuer]

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

there are many countries around the world that are "on it" too. ever since last year that Japan adopted bitcoin as a currency and the price and the adoption of bitcoin grew a lot around the world or at least starting to, every country started thinking about their plans regarding bitcoin more seriously.
most of them don't want to fall behind the revolution. of course in most cases they are focusing on the blockchain technology itself but even that is good since it will educate people and they will see the power of bitcoin as the only decentralized currency of the whole world.

[StarKay]

There is really nothing new here since this has been the stance of the South Korean government towards cryptocurrencies, the article talks about better understanding to equip the regulators with more technical know-how in order for them to do their job better.
If this was coming from the Indian government, it would have been worth celebrating.

[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/

Today many countries are beginning to study cryptocurancy and blockchain, this is a good signal for the growing crypto market. They try to regulate crypto and suppress the occurrence of crime with crypto. korea make a breakthrough by receiving bitcoin and try to develop it in the hope of becoming a country income through trading and consumption of bitcoin as a means of transaction.

When the lighting network runs we will see the huge impact on the market.

[bitkid015]

There is really nothing new here since this has been the stance of the South Korean government towards cryptocurrencies, the article talks about better understanding to equip the regulators with more technical know-how in order for them to do their job better.
If this was coming from the Indian government, it would have been worth celebrating.

Indian government is far from it right now I think. But I really wish for them to adopt it for the sake of their citizens.

[135cc]

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/

I think its a wise decision from the governments of South Korea that try to considerating the advantages of Bitcoin. Right now, despite the pros and cons that come along with bitcoin the number of country that want to accept and legalize bitcoin is increasing slowly, and i am happy to hear that. Let's hope that there will be more country that will accept bitcoin.

[phelbaby]

This country is an inspiration to me when it comes to the cryptocurrency business they are taking all the steps that it is need to encourage the market and even investors,this is what other countries are suppose to immediate not banning cryptocurency 

[rob143]

We just need to see the price going up, nothing more than that.
But i am more than glad in that South korea really likes and approves bitcoin on their country, those are more than good news to be honest, and it is good to hear this kind of stuff