HOT: 12/12 Korean crypto exchanges got approved

[NileCoin ICO]

🔹Last week, it was such great news for South Korea that the Korean Blockchain Association (KBA) has approved 12 cryptocurrency exchanges as having taken sufficient security measures and implemented robust enough internal management systems to operate as exchanges.

The exchanges that have been green-lit by the KBA include:
- Bithumb, UPbit, Korbit, Gopax
- OKCoin Korea, Huobi Korea
- Coineone, CoinZest
- CPDAXX
- HanbitKor, NeoFrame, DexKor

🔹However, it is important to note that according to the report from CCN, Bithumb, which was included on the list of approved exchanges, suffered a highly publicized hack of some $40 million worth of cryptocurrency early this year. The majority of investors in South Korea reacted negatively to the otherwise positive announcement of the South Korea Blockchain Association, due to the controversial decision to approve Bithumb.

“Bithumb, the exchange that has been single handedly reviving the Kimchi Premium, is passed? Not so sure about this,” one investor said.
“Get rid of Bithumb. The exchange created Kimchi Premium again and if the value of cryptocurrencies drop on Bithumb, it could have a negative impact on the global market,” another user added.

🔹Overall: The announcement of the South Korea Blockchain Association solely considered the security systems of crypto exchanges that are in place as of current, not their business practices and operations.

🔹With the release of the findings of the South Korea Blockchain Association, the government of South Korea is planning to tighten regulations in the local crypto exchange market and the blockchain sector, to better facilitate the growth of emerging startups and companies working to advance the cryptocurrency industry.

NIL
NilecoinTeam

[salinagomez]

The news of government approving the crypto exchanges brings hope to the market of crypto. If the government approves the crypto more people will invest in it and the activity of the currency will increase too. This help to make crypto successful in the future.

[doll09]

The decision of the Korean Blockchain Association(KBA) positive on average. Allowing exchanges in country means opening several doors to the Crypto-space. Korean Govt.s initiative was very pleasingly in favor of the Crypto world and allowing exchanges has added a great value to it. The way Korea is promoting BTC, if it continues, we will see something amazing.

[cryptogalaxy789]

A great news for south korean industries and as well as crypto industries. I am hoping that at a time all the sector and country will approve this advanced technology and will start trading with crypto.

[vallydelly]

This is a great news for the crypto space, Korean is one of the strong hold of cryptos and it's a good thing that their exchanges are certified, it will give more people confidence to invest into cryptos, waiting for china to make the same move, Asia is great for cryptos.

[markieeeloy]

That is totally great news. When these exchanges are being approved, it means that more users are doing trades in these well-known exchange. And surely the trade market cap will surely rises, causing for the coins and tokens to surely be also rise.

[fortunecrypto]

Korean government really adopt the cryptocurrency that they accept all cryptocurrency exchange if only we have countries like Korean, the blockchain technology will have an easy way in, I hope there will no Korean based exchanged hack in the future it hampers the development and security of this technology.

[cherryscarlett]

South Korea has been in a more positive attitude toward cryptocurrency markets.
Many people in South Korea have entered the encrypted currency market, which is very helpful for the development of the blockchain.

[BTCLovingDude]

it is interesting how fast and strong cryptocurrencies are growing in some countries such as Korea while some other  countries are still struggling with the basics not knowing what to do about them!

knowing these Korean exchanges some of them are known for pump and dumps and also for fake volume. it is interesting to see if they change their ways now that they are under observation by the government though.

[melander81]

A lot of positives lately in the crypto space. And we really deserve these now as to see more growth in the sector and hopefully see our investments get profitable. Thanks for sharing this.

[Md.salauddin]

This is really good news for the market.  The approval of these exchanges by the association proves that Korea is going to be crypto friendly country. Moreover I hope that governments will make the rules and regulation to make the market more efficient.

[kingzpro]

This will surely bring massive money back into the crypro market and definitely btc will be purchased first and the effect is already visible, next etf approval plus nasdaq exchange and Russia, India and China legalizing crypto are the biggest news that will push btc to moon.

[oioi]

this is good news for the crypto world, and the trust of everyone will be a top priority,
hopefully there will be no more tarnishing the crypto market with hacking and hopefully
more stringent in terms of security in the future.

[ShawnJessie]

Hacking can apparently happen with any cryptocurrency if the security measures are loose. I think there's nothing to be worried about since the Korean Blockchain Association solely considered the security systems of crypto exchanges. If the adequate security measures are taken and the users remain cautious at the same time, then it is hoped that the system wouldn't have to face any such circumstances.

[dulinivanrus]

I noticed that every day more and more positive news ! I am sure that soon bitcoin will be in every home and will enter our everyday life ! Governments around the world are increasingly supporting cryptocurrency !