Is this good news?

[CreamIce]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

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[bittraffic]

You should have out the source. I found it anyway here https://www.reuters.com/article/crypto-currency-southkorea/skorean-lawyers-press-govt-for-cryptocurrency-laws-investor-protection-idUSL4N1UF2BP

You can't expect governments to listen to whatever is said to them. There are several people who already confirmed blockchain to be useful but even today ETF was even denied.

[heartthew]

Such news does not particularly affect the market situation because from experience I can say that there were a lot of such important news that contributed to the growth of certain coins, but this did not happen.

[micairvas]

I think Korea sees this as a very good future. Awesome news. If Korea adopts such a law, we will see a rise in the cryptocurrency economy.

[kiemnhieutien]

This kind of news take no effect to the market. The government decision also, is not affected by this statement.  This news has only one function, used to soothe traders mood. Korean lawmakers have long been unfriendly to cryptocurrency.

[tuthienloc92bk]

Everything should have some certain control. Cryptocurrency is very easy to be used by bad guys to do illegal, so putting it in a framework is not a bad idea.

[mirgo1791]

as customs with regulation on arrange with the blockchain occupation on casual business on daily market scheme that more to focus as might to work on decision as appealing use with distinctive of feature with the crypto finance on referring details of goods and service with the deliverance as targeting the wider scopes of public with audiencies.

[andrejka]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

I guess it's rather the second one...But still regulations are not always something bad. It will bring a lot of good into this sphere like new flow of money from institutional investors who are craving for regulation at the moment and are waiting for this moment to start acting on crypto market. And this will lead to a significant growth of the whole market and new wave of crypto hype =)

[Capt00]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

Nothing has changed on this news, still, the mind of government can't convince them that there are a lot of things that good to adopt blockchain technology in a state. As of now, I believed that this blockchain technology has under surveillance and governments making some plan on how to unite people on this kind of currency since it is decentralized and regulation is impossible to apply.

[Amberum]

My opinion that main things that affect the market is a marketing and demand, any news is secondary.

[santiPOGI]

Everything is a good thing, we should wait for more regulations.
we are now in bear market now the season is not well.
But this is not a sign that people are having a low demand on crypto!
they are just waiting for the right time! regulation is indeed a bad thing for us now but once that regulations approve the moon can't be stop!

[Perie200]

Such news comes out almost every day.Of course it's nice to realize that cryptocurrency is recognized slowly and blockchain is part of the structure of various fields of activity,I think it is still only the embryo of global change. Still ahead.

[(o)(o)ilikeboobs(o)(o)]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

the uptrend is so close, we can feel it by this kind of news, spread news and make F.U.D
so people would care more about, and whole market would have some green day.

[oho]

This is all just one article out of a million! The government will do what the higher ones will say! I am sure that this is a global plan that is quietly being translated into reality! And everything will go according to someone’s plan and not at all faster!

[MonaLeeTracy]

Everything should have some certain control. Cryptocurrency is very easy to be used by bad guys to do illegal, so putting it in a framework is not a bad idea.

as you say, indeed we should be careful of the news that often arises, because besides the news sometimes there are people who are bad and want to plunge us. then the city must be more careful, in forums and outside the forum. indeed we all have the desire that crypto improve, but not the lie we want.

[Herlina]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

It won't change anything if the government doesn't care about their opinions, What if the government cares about their opinions? Of course, the things above will be considered, and, maybe it will encourage trust and Crypto adoption in Korea

[JeffBrad12]

You should have out the source. I found it anyway here https://www.reuters.com/article/crypto-currency-southkorea/skorean-lawyers-press-govt-for-cryptocurrency-laws-investor-protection-idUSL4N1UF2BP

You can't expect governments to listen to whatever is said to them. There are several people who already confirmed blockchain to be useful but even today ETF was even denied.

Can you give me the latest news about ETF? i'm a bit interesting to see that but the government will not try to hear them all. But remember there was a good news about south korea will try to left the ban from the icos and try to create a regulation framework to the ico. that means if the government has been opening its mind to receive something new to be adopted.

[wanted sliter]

“We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” - Korean Bar Association

Will this encourage trust and investment or its just a way to bring crypto under surveillance and regulations?

in history of cryptocurrency market, this kind of news is so familiar to me, I don't think it would make any change
in case of alot of news like this spread at the same time, it should make some move though, but that day was far away

[iwah]

It's not really a news it's just a plead for the government to accept and legalized cryptos, what I will consider as a good news is when the government accepts their request and review their stand and legalize crypto.

[Fritz93]

I want to say this is just a variant of the future events. Until concrete actions are taken, there will be no impact on the cryptocurrency.