GOOD NEWS!!! South Korea on BITCOIN

[Al the Alpaca]

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/

Wow this is indeed a great news for all bitcoin and cryptocurrency investor,  what i not still sure is if the acceptance for bitcoin by south-korea is the reason for burning price, because we all know how it look like when new country accept currency.

Well, Bitcoin will be more popular these days because of this news and updates. I believe that bitcoin will be accepted by many other countries by 2018 and 2019. Bitcoin will increase its demand and price because of this. Many investors will come and it is a great opportunity for them and us also

[khaled0111]

Let's hope all countries start following South Korea and start regulating the use of Bitcoin and other cryptocurrencies, this will have a good impact on the market and make people trust cryptocurrencies and start using it whithout fearing to be doing something against their countrie's regulations.

[polyballz]

If Koreans already have high knowledge in cryptocurrency I think they are trying to make a profit through this technology, but not sacrificing safety and security. people who have more money in bitcoin communities because they have bought many of them and it is good that the government is more permissive when opening up markets for its citizens no doubt this will have a rebound both in bitcoin prices and the more dynamic adoption of the Asian market.

[vidivici]

Yeah, it is undeniable that someday the government will need the help of crypto and blockchain in conducting their state transactions. Government if they want to be honest they can not lie if crypto currency technology is reliable and great. As well as the South Korean government, I am sure if the support and interest of the South Korean government will bring good effect for the development of crypto currency in the country. I am sure that if the state government is ready for prevention and protection from negative transactions of crypto currency and can do tracking even if it is limited to the country then crypto currency will change the economy of the people of the country quickly.

[memecoin]

South korea is one my favorite country because they accepted bitcoin and first of all they supported.

Although Korea is a country accept Bitcoin. But I do not recommend investing in Korean ICO projects. The adoption of Bitcoin made many companies want to create ICO projects to make a profit. And their projects are often without potential

[mahibul49]

korea is a crypto frndly country and regulation for bitcoin in korea is really good news and important for bitcoin too.

[Zaibraid]

I am very appreciative to South Korea who is open and aware of the benefits of bitcoin. I believe that if South Korea is wise in facing this technological advance then more South Koreans will prosper as their economic situation changes better through crypto currency. I just hope that more countries like South Korea are receiving bitcoin presence because sooner or later, whether or not they will soon be penetrated by bitcoin and blockchain technology. Hopefully more countries that legalize bitcoin so that the market can be more active and stable. Of course they can legalize by not out of hand, meaning that the government can still do the prevention of bitcoin criminality with the state system.

[Tulanpa]

This is indeed a great news, this is d kind of news I like to be hearing and am very sure with time more country will join and will make bitcoin boom

[BestRate]

This is an amazing news. As soon, as first country will apply a regulation on bitcoin, we will see how another governments would do the same

[liseff3]

South Korea is one of the countries which has great influence on the growth of cryptocurrency value, especially bitcoin. Her citizen's enthusiasm level towards cryptocurrency is really very high. I think it's this news which makes bitcoin value experienced increase for almost three this week.

[RareFortune]

I want to see the reaction or opinion of Korean people about this news and hopefully more countries will follow the South Korea adoption about Bitcoin, if these news keeps up then we will see an increase of demand in Bitcoin in the few years.

[Joeyvicky]

Little by little, bitcoin will take over and to me is more than good news. I always say that our generation is fortuned to have such a revolutionized platform or technology known as the blockchain. With that bitcoin will continually grow bigger and bigger. I think korea is on good course.

[IndoUSminus]

What a great night! I just read about Thailand legalizing crypto, and -- bam! -- South Korea has started taking care of the crypto! The world seems to be gradually facing up to the fact that cryptocurrency is a matter that can no longer be ignored

[jozymens7]

These news are really good in the btc ecosystem and thats what we all hoping for. The Asians are now diving deep into the crypto world and that is a great idea.

[neite99]

South Korea is a country which is open to new innovations which is one of the major reasons for them to make this kind of development in their country. I hope the positive approach towards btc and crypto will go more into adoption and will spread to the other countries as well.

[Chachacoin17]

South Korea is a country which is open to new innovations which is one of the major reasons for them to make this kind of development in their country. I hope the positive approach towards btc and crypto will go more into adoption and will spread to the other countries as well.

Korea is one of the developed country which I think adopted bitcoin successfully. Although there's some news about their problem handling over digital currency, but it doesn't mean to stop their plans. This brought them positive results and people really are convenient in using bitcoin for their daily living, and really improves their lives as well as asset to earn good profit.

[asbak66]

Very great news to hear after so many fud before like bithumb hacked and something like that
I hope the goverment not release something fud again

[Ethan Argu]

It good to know any possible sides study if they have a flipside in transaction before implementing or to regulate. Its good to south koreans to accept bicoin to develop thier transaction to make easier and lighter life.  I hope some country will considired the benifits of allowing bitcoin.

[onaiwusun]

I always like South Korea in their approach to cryptocurrency regulations. Unlike some governments who are quick to ban bitcoins

[solkinsolali]

I am very impressed with the government of South Korea. Sometimes ago, they announced banning cryptocurrency. With this u-turn in decision and also now encouraging the technology, I think it is very nice for cryptos.