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Author Topic: South Korea officially recognizes cryptocurrency exchanges as financial... 🔥🔥  (Read 336 times)
Mycrypto1222
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August 08, 2018, 02:25:53 PM
 #1

South Korea for now recognizes crypto currency exchanges as financial institutions. It's a GOOD news and BAD news... More info here: South Korea Crypto Exchanges Regulation


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CreamIce
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August 09, 2018, 01:31:18 PM
 #2

In my opinion it's mostly good news. If initial regulation makes it's roots stronger and promotes the use of crypto in mainstream than I think it must be welcomed. But yes, regulations must be only to make it safer. Any attempts on making it centralized must be discouraged at any cost.
blackwell77
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August 10, 2018, 11:24:21 PM
 #3

I think it will bring some good impacts on crypto worlds. As they are legalizing the exchanges it will bring some big investors in the market. Which is really great for the crypto market.
Clark05
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August 10, 2018, 11:30:03 PM
 #4

Ofcoarse it is good news, if the country who recognize bitcoin or cryptocurrency they have big help to bitcoin community to grow the price. Because   people will invest if they see the government or any big company support this they trust to bitcoin also.

ZainSpider
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August 11, 2018, 12:10:25 AM
 #5

Its a better news than a bad news. As the above poster said it will have positive outcomes.

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ziac
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August 11, 2018, 12:19:37 AM
 #6

Negative or postive news is a good news for more publicity and to carry on the hype.. I hope ETFs follow Soon but i believe crypotocurrency and blockchain was intended to be decentralized, centralization should not supported its killing the core reason for decentralization.

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NervousWolf
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August 11, 2018, 12:21:24 AM
 #7

South Korea is really doing great for cryptocurrency. Legalizing the exchanges will make them more trustworthy to the people of South Korea. I think it will boost the crypto market.
Wrathhawk
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August 11, 2018, 12:51:17 AM
 #8

It is great to know that. So cryptocurrencies are spreading and start being adopted. Hope one day it will be used as an alternative currency all over the world.
mokong11
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August 11, 2018, 12:58:18 AM
 #9

In my opinion its a GOOD news because it will give big impact to crypto currency world because it will increase the investors in crypto currency and it will make the market pumps up because of crypto currency is decentralize.
xysheeh03
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August 11, 2018, 01:12:32 AM
 #10

Nowadays cryptocurrency is developing around the world and is also upgrading by its popularity even south korea now accepts cryptocurrency as an official financial exchanges and this is great, more and more cryto enthusiast will be motivated and dedicated to work along their business just to enhance and able to grow the influence of cryptocurrency. Maybe someday that all of the country will accept bitcoin and other coin as a payment or financial exchange.1
raging-creeper
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August 11, 2018, 01:31:15 AM
 #11

More news to show that this sell off is way overblown.  We have got to be nearing the end of this cycle.  The news form South Korea is amazing and a huge step for crypto projects to gain world dominance.  Don't fall for this sell off. 

uramadahan
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August 11, 2018, 01:41:42 AM
 #12

South Korea for now recognizes crypto currency exchanges as financial institutions. It's a GOOD news and BAD news... More info here: https://blockchainmuffin.com/south-korea-officially-recognizes-cryptocurrency-exchanges-as-financial-institutions

To me it's a very good news. I have no problem with (KYC) and (AML) things.
blacknight789
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August 11, 2018, 11:53:40 AM
 #13

I think it’s a very impactful initiative taken by them. It will increase the investments and legalized activities using cryptocurrency platform though investors must follow their imposed laws to control the market
angleatild
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August 11, 2018, 12:23:44 PM
 #14

That's a good news indeed. It's a great thing that day by day many countries are accepting it. Hope South Korean people will be greatly benefited by it.
BumblingBee
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August 11, 2018, 12:29:24 PM
 #15

It’s not that people are not investing at present without their legalization. People are doing it. But I believe it’s more of a government’s effort to control over the market rather than expanding the investment opportunities.
cvpwy
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August 11, 2018, 12:39:25 PM
 #16

South Korea govt. has officially recognized crypto currencies as regulated financial institutions the same as bank. It is both a good and bad news. In short term, this may have negative impact on both investors and transaction platforms. On the other hand, in long term this sector would lead to the entry of large institutional retailers and investors.
Ilegendph
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August 11, 2018, 12:50:17 PM
 #17

South Korea for now recognizes crypto currency exchanges as financial institutions. It's a GOOD news and BAD news... More info here: https://blockchainmuffin.com/south-korea-officially-recognizes-cryptocurrency-exchanges-as-financial-institutions

As I read the article, I would rather choose the long run advantage despite of the regulations that may impose by the south korean government. Their government still wants this cryptocurrency industry to grow. They just want to protect their people through regulations and because of this it may come up that it will do good as a whole. We just need some sacrifice to do so like the current price of bitcoin will go down for now.

Haten1975
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August 11, 2018, 01:39:52 PM
 #18

That's a great news! The financial authority of South Korea has decided to recognise cryptocurrency as an institution. They have decided to make a cryptocurrency exchange and brokerage which will allow the trading platform to operate in larger scale. South Korea has always welcomed cryptocurrency with a big heart and this is another great example of it.
ClubXman
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August 11, 2018, 01:41:50 PM
 #19

as per my opinion I will consider it as a very good news and a very progressive move, it is actually very wonderful that South Korea is being friendly towards cryptocurrency hopefully very soon the whole world will understand it importance


Agree. I believe, we need more countries like this. They will make the progress in crypto development possible.
Eatund79
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August 11, 2018, 02:07:17 PM
 #20

Well this is a good news. The more crypto gets recognized and accepted by different countries all over the world, the sooner it will be regarded as a global currency. Let's see how the land of Kpop and top notch beauty products will take the advantage of crypto.
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