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Author Topic: South Korea Opens Doors for Cryptocurrency  (Read 2407 times)
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November 17, 2018, 03:04:24 AM
 #421

The big question is whether their stance can be trusted or not. In the past, the South Korean government had made so many u-turns regarding its crypto regulation policy. At least on two occasions, this crashed the exchange prices in the exchanges.
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November 17, 2018, 03:38:09 AM
 #422

The opening of the doors to cryptocurrency is a good action but applying  higher tax rates may not be so beneficial to the investors and maybe to products where the coins are used because it will certainly add to their prices or values. There must be better opportunities for investments to allow more investors to come in and the use of cryptocurrency will be best appreciated by businessmen and clients. This scenario might just be able to solve the bearish market that we have.

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November 17, 2018, 03:38:14 AM
 #423

that's very good news bro. so that it can be an example and a breath of fresh air for the world community that bitcoin and altcoin are very useful and worthy of our investment. so that no one judges bitcoin always from the negative side ..
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November 17, 2018, 07:18:36 AM
 #424

South Korea should try to learn something from their neighbors, Japan. The latter was among the first to legalize Bitcoin and they benefited from it in the form of increased tax revenues and new job creation.



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November 17, 2018, 02:31:46 PM
 #425

That's a great news and besides year ago south korea doesn't accept bitcoin in fact their country is not interested on cryptocurrency so far, but now they open doors to bitcoin and cryotocurrency. Every crypto enthusiast hopes that all country around the world would accept cryptocurrency as a whole. Because it can also give a good impact to bitcoin and altcoins in the market.

Soon, we will see that many more countries open their doors to the cryptocurrencies. People want to deal with the blockchain as they understand that these are the technologies of our future.

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November 19, 2018, 07:56:49 AM
 #426

That's a great news and besides year ago south korea doesn't accept bitcoin in fact their country is not interested on cryptocurrency so far, but now they open doors to bitcoin and cryotocurrency. Every crypto enthusiast hopes that all country around the world would accept cryptocurrency as a whole. Because it can also give a good impact to bitcoin and altcoins in the market.

Soon, we will see that many more countries open their doors to the cryptocurrencies. People want to deal with the blockchain as they understand that these are the technologies of our future.

  I certainly visioning that crytocurrencies will be adopted by many countries around the world, which can actuate the flourish development and acceptedly been take it legally. And it sounds so pleasure that South Korea has seen how good and reliable to open widely cryptocurrency in their country and hopefully for the rest countries will start accept it delightly.
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November 19, 2018, 08:13:00 AM
 #427

Now the South Korean financial regulator is reorganizing so it can "proactively respond to financial innovation in the fourth industrial revolution era" — meaning it's looking to nurture bitcoin, cryptocurrency, and blockchain. I think some of the countries are now embracing the blockchain or the cryptocurrency because they are studying what are those benefits they can get from it. Eighter for them or for their countrymen. They will not be going to regulate those things if they can't have any benefits they will get from it. Business is still business.

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November 19, 2018, 10:40:00 PM
 #428

The largest financial institution in South Korea has decided not to support the digital exchange and provide virtual bank accounts to investors. That shows us that Korea has opened the door for cryptocurrency
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November 25, 2018, 10:00:46 PM
 #429

Well, this is a great news for the community of investors not only in S Korea but around the world. And also it's a beginning of opening doors for accepting cryptos than resisting it.
The followers of bitcoin continues increasing this is one great news for bitcoin community cause lot's of countries believe and support in bitcoin. South Korea now accepted bitcoin, I am so thankful this country are open minded about the new technologies of cryptocurrency.
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November 26, 2018, 12:03:16 AM
 #430

that's good, because now the bitcoin is spreeing in all country,.. opens the door to cryptocurrency and I'm sure someday all countries will begin to open their doors for cryptocurrency and cryptocurrency will be legalized as an investment asset, so I'm sure cryptocurrency prices will definitely increase very high if all countries start legalizing cryptocurrency.
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November 26, 2018, 03:23:39 AM
 #431

Thats good news for them because they will enjoy the  movement of crypto in business industry low taxes its time to invest many people will have a chance to join in crypto world aside from that they will grow crypto market in thier country.

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November 26, 2018, 06:21:39 AM
 #432

considering the South Korean country is a developed country and they opened the door for cryptocurrency it was very good. because maybe the South Korean country believes that this digital currency can be valuable assets in the future and help the economy of their people or other business fields.

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November 26, 2018, 09:03:11 AM
 #433

Beside South Korea, Japan is earlier country that regulate cryptocurrency. I think more country will regulate cryptocurrency and mass adoption become closer. I hope with more country regulating cryptocurrency, investor will confident with their investment and not panic with market condition

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November 26, 2018, 09:21:42 AM
 #434

Beside South Korea, Japan is earlier country that regulate cryptocurrency. I think more country will regulate cryptocurrency and mass adoption become closer. I hope with more country regulating cryptocurrency, investor will confident with their investment and not panic with market condition
Most of those countries who able to allow crypto have a long perceptions that this system can be use for much easier transactions overseas, knowing that it can help a lot in their industry those government bodies are able to create their rules not to bother crypto itself but a rule for the country itself and nothing
to do anything from this current system, people will learned from each countries that will succeed without breaking anything from the sole purposes of crypto market.




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November 26, 2018, 01:06:36 PM
 #435

Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.

http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakao

In conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!


That's a good news, i hope there will be more countries accept and open door for cryptocurrency.


That would be a grat begining.
Cryptocurrency indeed many who take it in parts of the world. because the Cryptocurrency is able to show strong evidence that is able to generate more profits. currently many countries using Cryptocurrency as the main business includes on South Korea. with developed countries like South Cryptocurrency Korea capable of evolving rapidly.

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November 26, 2018, 01:27:15 PM
 #436

South Korea’s biggest power utility – Korea Electric Power Corporation (KEPCO) – recently announced development plans for its own blockchain network. 

https://coinedtimes.com/crypto-adoption-in-energy-how-far-will-it-go/
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November 26, 2018, 01:34:06 PM
 #437

Beside South Korea, Japan is earlier country that regulate cryptocurrency. I think more country will regulate cryptocurrency and mass adoption become closer. I hope with more country regulating cryptocurrency, investor will confident with their investment and not panic with market condition
Most of those countries who able to allow crypto have a long perceptions that this system can be use for much easier transactions overseas, knowing that it can help a lot in their industry those government bodies are able to create their rules not to bother crypto itself but a rule for the country itself and nothing
to do anything from this current system, people will learned from each countries that will succeed without breaking anything from the sole purposes of crypto market.
Japan and South Korea are developed countries and we admit that most of the technology comes from that country. Developed countries have a good idea because they have good technological capabilities so they will consider digital currencies to be a future. While most countries do not have good technological capabilities, they try to abstain. Let's follow developed countries like South Korea, they recognize digital currencies because they know that in the future digital currencies will become an unavoidable need.

The world financial system will change and we must be ready from now on !!!
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